Downward Volume Spike: Valmont Industries, Inc. (VMI, LNN)
Posted in General by: adminValmont Industries, Inc. (NYSE: VMI) is seeing a significant surge on downward volume this morning. The stock is down $15.85, or 13.2%, at $103.60 today alone on more than double normal volume (over 800,000 shares) at 11:00 AM EST. There has been no fresh news on the company itself, although the disastrous earnings reaction in Lindsay Corporation (NYSE: LNN) is being blamed as the culprit….. its shares are down far worse on even more exaggerated volume.
Valmont produces fabricated metal products; metal and concrete pole, and tower structures; and mechanized irrigation systems in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation.
Avg. Daily Volume: 354,000
52-week range: $69.07 to $120.93
Market Cap: $2.7 Billion
OPTIONS: YES
Jon Ogg
June 18, 2008
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[...] Downward Volume Spike: Valmont Industries, Inc. (VMI, LNN)There has been no fresh news on the company itself, although the disastrous earnings reaction in Lindsay Corporation (NYSE: LNN) is being blamed as the culprit….. its shares are down far worse on even more exaggerated volume. …Volume Spike Investor - http://www.vsinvestor.com/ [...]
on June 18th, 2008 at 3:16 PJun[...] Downward Volume Spike: Valmont Industries, Inc. (VMI, LNN)There has been no fresh news on the company itself, although the disastrous earnings reaction in Lindsay Corporation (NYSE: LNN) is being blamed as the culprit….. its shares are down far worse on even more exaggerated volume. …Volume Spike Investor - http://www.vsinvestor.com/ [...]
on June 18th, 2008 at 3:16 PJunHI: I don’t understand Lnn’s disastrous earnings. Other highlights mentioned that the company was dripping in profits. Please advise.
on July 2nd, 2008 at 3:16 PJulThank you.
LilliB
it’s been a while since this one…. But it was priced for perfection and it was less than perfect….. Sorry for stating the obvious
on July 2nd, 2008 at 3:16 PJul