3-22-2010
3-29-2010
Today (4-13-2010)
First Post: Click Here
First Update: Click Here
The company has traded over 86,000 options (not a typo) in the first four hours on total daily average option volume of just 2,890. The Stats Tab snapshot is included (click the image to enlarge).
Sometimes order flow does point to a move - in this case the stock jumped from ~$2.60 to ~$3.70 in a few weeks preceeded by obnoxious one sided order flow (see prior posts above).
The news: Click HERE for full article.
"Shares of Popular Inc (BPOP.O) jumped 11 percent on heavy volume Tuesday, a day after the company said it was raising $900 million, giving the biggest bank in Puerto Rico ample cash to go for widely expected regulator-backed deals...
"...We believe Oriental Financial's (OFG.N) recent $100 million capital raise and these FDIC commercials, in addition to Popular's offering, point to a consolidation of the banking system in Puerto Rico in short order," FBR Capital Markets said in a note Tuesday..."
Takeover party?...
This is trade analysis, not a recommendation.
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