Trader Alert: Unusual Volume Spotted in Top Ships Inc. (NASDAQ:TOPS), and Bluerock Residential Growth REIT, Inc. (ASX:BRG)

Top Ships Inc. (NASDAQ:TOPS) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $1.88.  The day’s total volume of 590258 this morning is in contrast from the three-month daily average of 199.00K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.48.

Top Ships Inc. (NASDAQ:TOPS)‘s market cap, the total dollar value of all of their outstanding shares, is 0.30m.  Including today’s unusual volume, Top Ships Inc.‘s stock is performing at -99.99% on the year.  For the week, the stock is performing -81.33%.  Over the past month the firm’s stock is -80.18%, -99.90% for the last quarter, -99.99% for the past six-months and -100.00% for the last year.

Current levels places Top Ships Inc. (NASDAQ:TOPS)’s stock about -99.32% from the 50-day high and 4.44% away from the 50-day low.  

Investors are on alert as Bluerock Residential Growth REIT, Inc. (ASX:BRG)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $10.55.  The day’s total volume of 1023553 this morning is in contrast from the three-month daily average of 207.02K. 

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

Bluerock Residential Growth REIT, Inc. (ASX:BRG)‘s market cap, the total dollar value of all of their outstanding shares, is 327.78m.  Including today’s unusual volume, Bluerock Residential Growth REIT, Inc.‘s stock is performing at -17.93% on the year.  For the week, the stock is performing -16.78%.  Over the past month the firm’s stock is -11.48%, -8.38% for the last quarter, -15.40% for the past six-months and -16.28% for the last year.

Current levels places Bluerock Residential Growth REIT, Inc. (ASX:BRG)’s stock about -23.36% from the 50-day high and -3.44% away from the 50-day low.  

Leave a Comment