Volume Spike Investor

Premier Exhibitions Inc. (NASDAQ: PRXI) just saw a severe volume spike in its stock and the volume all came in on the buy side initially. This move can be attributed to James Altucher of TheStreet.com appearing a few minutes ago on CNBC and noting that after the settlement over its “Bodies” exhibit and the questions that surrounds it was that it owns “all the insurance claims” over the Titanic and went further to say that this could represent some $3 Billion. At 2:34 PM EST this stock is now up 7% at $4.82 on 528,000 shares of trading.

Average trading volume: 300,000
52-Week Range: $4.27 to $18.62
Stock Options: YES

Jon Ogg

June 11, 2008