Volume Spike Investor

Capstone turbine Corp. (NASDAQ: CPST) is seeing a flurry of volume today after a substantial drop today and after a 35% sell-off from recent highs.  Lazard Capital markets just came out defending the stock this morning.  Shares are up a little more than 2% at $2.97 at 10:01 AM EST.  Shares were up over 4% in the initial trading this morning.

We have seen nearly 800,00 trade hands in less than 30 minutes on a summer Friday. Its average daily volume is about 5.6 million shares but we saw more than 15 million shares trade yesterday.  If you look at the 52-week trading rang of $0.91 to $4.42, you might guess that “volatility” is this stock’s middle name.

As a reminder, some traders have tried using long-term stock options out to January-2009 on some days.

Jon Ogg

July 25, 2008