GoAmerica Jumps 7%, Volume Spikes with No News!
From Volume Spike Investor Shares of GoAmerica Inc(GOAM) gained more than 7% on Thursday as volume spike 10 times the 3-month average daily volume. There were no significant news releases or other significant events that could be detected, although the…
From Volume Spike Investor
Shares of GoAmerica Inc(GOAM) gained more than 7% on Thursday as volume spike 10 times the 3-month average daily volume.
There were no significant news releases or other significant events that could be detected, although the stock has been on a tremendous run over the last week or so.
GoAmerica provides various accessible communications services to people who are deaf, hard of hearing, and/or speech impaired primarily in the United States.
The company is very tiny, having a market cap of only $21 million. It only holds about $3.5 million in cash but carries no longterm debt. The company has not made a profit over the last few years.
Shares of GoAmerica closed at $9.16, after making a new 52-week high during the day.
GoAmerica has made VSI’s Watch List.
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.