Q: DFN traded over 600 thousand shares today and up 35 cents. It is not paying the 10 cents on the class a shares this month. Why would the stock go up and trade high volume?
5i Research Answer:
Volume was not that unusual. It traded an average of 600K last week daily, with two days higher than Monday's volume as well. It declined every day last week so was due for a bounce. It remains down 30c over the past six trading days. There were three trades of more than 20,000 shares. There was no news.