According to Volume Spike Investor, these are the bigger movers of the day:
Aspect Medical (ASPN) up sharply on buy-out.
Cal-Maine (CALM) down on earnings (details).
Big moves in Xerox (XRX) and ACS (ACS) on M&A.
Gander Mountain (GMTN) goes private (details).
Douglas A. McIntyre
Now this is how it’s supposed to work. Royale Energy (NASDAQ:ROYL) has initiated an exchange offer for up to 55% of the outstanding shares of an OTC bulletin board energy company called Aspen Energy (OTC.BB:ASPN). There are about 7.26 million shares of Aspen stock outstanding, so Royale is looking to pick up control of the company for about $4 million.
| Today’s top tickerspy Indexes | |
| Domestic Telecom ... | +2.6% |
| Stem Cell Stocks | +2.3% |
| Pain Management S... | +2.1% |
| Ethanol and Biofu... | +1.9% |
| Savings and Loan ... | +1.8% |
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