High Volume Stocks: Vicon Industries, Inc.(NYSEMKT:VII), Acorn International, Inc. (ADR)(NYSE:ATV), and DRONE AVIATION HOLDI(OTCMKTS:DRNE)
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Vicon Industries, Inc.(NYSEMKT:VII) suffered an 11.18% loss in value yesterday as the stock fell $0.57 to move to a new closing price of $4.53. The stock has traded within a range of $2.10 to $6.14 over the past 52 weeks. On Aug. 29th, Vicon Industries, Inc.(NYSEMKT:VII), a New York-based company, announced that it would be merging with IQinVision, Inc. The company claims that the merger will result in a “global market leader” in the video security market.
Acorn International, Inc. (ADR)(NYSE:ATV) gained $0.56 to move to a new closing price of $2.15. The stock also gained an additional $0.17 during after-hours trading to move to a figure of $2.32. Acorn International, Inc. (ADR)(NYSE:ATV) traded for a new 52 week high of $3.13 during the day. The company’s trading volume spiked to a figure of 972,802 yesterday. This figure is substantially higher than its three month average of 20,639. Acorn has stated that it will not comment on the unusual activity.
DRONE AVIATION HOLDI(OTCMKTS:DRNE) saw its value decline by 9.71% yesterday as the stock fell ten cents to move to a new closing price of $0.93. The stock traded within a range of $0.92 to $1.05 during the day after opening at a price of $1.04. Like Acorn International, DRONE AVIATION HOLDI(OTCMKTS:DRNE) is currently experiencing a spike in trading volume. While the company has a three month average volume of 339,248, it recorded a trading volume of 1,605,588 yesterday.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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