Trader Alert: Unusual Volume Spotted in PhaseRx, Inc. (:PZRX), and W&T Offshore, Inc. (NYSE:WTI)

PhaseRx, Inc. (:PZRX) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $0.71.  The day’s total volume of 387273 this morning is in contrast from the three-month daily average of 39.26K.  When we divide the current volume by the three-month average volume, we get a relative volume of 11.55.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

PhaseRx, Inc. (:PZRX)‘s market cap, the total dollar value of all of their outstanding shares, is 7.53m.  Including today’s unusual volume, PhaseRx, Inc.‘s stock is performing at -59.35% on the year.  For the week, the stock is performing 4.51%.  Over the past month the firm’s stock is -8.28%, -37.00% for the last quarter, -59.62% for the past six-months and -80.19% for the last year.

Current levels places PhaseRx, Inc. (:PZRX)’s stock about -33.01% from the 50-day high and 32.61% away from the 50-day low.  

Investors are on alert as W&T Offshore, Inc. (NYSE:WTI)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $2.15.  The day’s total volume of 5118635 this morning is in contrast from the three-month daily average of 1699.65K. 

Looking Back

W&T Offshore, Inc. (NYSE:WTI)‘s market cap, the total dollar value of all of their outstanding shares, is 274.44m.  Including today’s unusual volume, W&T Offshore, Inc.‘s stock is performing at -29.60% on the year.  For the week, the stock is performing 1.56%.  Over the past month the firm’s stock is -1.02%, -11.36% for the last quarter, -25.57% for the past six-months and 18.18% for the last year.

Current levels places W&T Offshore, Inc. (NYSE:WTI)’s stock about 2.43% from the 50-day high and 18.84% away from the 50-day low.  

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