e-Future (EFUT) End of Day Volume and Price Spike
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CONTRIBUTOR www.antandsons.com
eFuture Information Technology Inc. (NASDAQ: EFUT), a leading provider of integrated software and professional services in China's supply chain market, jumped $7.50, or 22.19%, with the majority of its gains coming in just the last half hour of the trading session. In its first week of trading early this month, e-Future shares rose from its initial public offering price of $6.00 to reach a high of $48.64. With a little over 2 million shares outstanding, rapid price movements and high volatility should be expected, even without material news that would justify such a large change in price.
eFuture Information Technology Inc. (NASDAQ: EFUT), a leading provider of integrated software and professional services in China's supply chain market, jumped $7.50, or 22.19%, with the majority of its gains coming in just the last half hour of the trading session. In its first week of trading early this month, e-Future shares rose from its initial public offering price of $6.00 to reach a high of $48.64. With a little over 2 million shares outstanding, rapid price movements and high volatility should be expected, even without material news that would justify such a large change in price.
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