KIT digital (KITD) Sees Bounce, Activity Following 30% Drop on Prelim. Q1 Numbers
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KIT digital (Nasdaq: KITD) shares are seeing some activity today following bleak preliminary results issued ahead of the bell Thursday morning. KIT stock dropped 30 percent on the session.
Amid Canaccord Genuity suspending coverage on the company this morning, shares are seeing a bit of a bounce. The stock is up about 5 percent as implied volatility is 15 percent higher from Thursday's close to 120 percent...about in-line with its one-year average.
Volume on the move Friday appears to be flat with the trailing three-month average, with 750,000 shares traded at noon.
Amid Canaccord Genuity suspending coverage on the company this morning, shares are seeing a bit of a bounce. The stock is up about 5 percent as implied volatility is 15 percent higher from Thursday's close to 120 percent...about in-line with its one-year average.
Volume on the move Friday appears to be flat with the trailing three-month average, with 750,000 shares traded at noon.
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