Wednesday, May 2, 2012
INBP Stock Soars 1,100%
INBP was up over $.32 a share just minutes ago. No recent news or filings have been posted for the company, making this move a head scratcher. Likely it is a momentum type move where traders see a stock move higher on unusual volume and proceed to pile into the stock in anticipation of more gains.
The stock started the day at $.05 and at lunch time traders decided the stock was worth $.32. It has since pulled back and has a last trade of $.21.