Vringo (VRNG) Volatility Elevated, Shares Added to Russell Microcap Index

June 25, 2012 11:19 AM EDT
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Vringo (AMEX: VRNG) shares are seeing heightened volatility Monday as shares have topped out for a bit following an impressive run early. Earlier, it was noted shares would be added to the Russell Microcap Index.

Implied volatility is up 22 percent from last Friday's close and at 72 percent of its historical average.

Shares are about 7.3 percent higher on the session, still searching for direction.

Over the past few weeks, Vringo has seen its stock bounce off of the 50-day SMA, which is currently situated at $3.57.

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