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. 

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