Trader Alert: Unusual Volume Spotted in Zedge, Inc. (:ZDGE), and PDC Energy, Inc. (NASDAQ:PDCE)

Zedge, Inc. (:ZDGE) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $1.80.  The day’s total volume of 66756 this morning is in contrast from the three-month daily average of 24.59K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.19.

Zedge, Inc. (:ZDGE)‘s market cap, the total dollar value of all of their outstanding shares, is 18.00m.  Including today’s unusual volume, Zedge, Inc.‘s stock is performing at -40.89% on the year.  For the week, the stock is performing -10.63%.  Over the past month the firm’s stock is -13.95%, -39.74% for the last quarter, -45.27% for the past six-months and -55.10% for the last year.

Current levels places Zedge, Inc. (:ZDGE)’s stock about -40.79% from the 50-day high and 0.56% away from the 50-day low.  

Investors are on alert as PDC Energy, Inc. (NASDAQ:PDCE)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $39.26.  The day’s total volume of 3009305 this morning is in contrast from the three-month daily average of 1226.87K. 

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

PDC Energy, Inc. (NASDAQ:PDCE)‘s market cap, the total dollar value of all of their outstanding shares, is 2963.31m.  Including today’s unusual volume, PDC Energy, Inc.‘s stock is performing at -37.90% on the year.  For the week, the stock is performing -4.43%.  Over the past month the firm’s stock is 6.70%, -16.97% for the last quarter, -38.95% for the past six-months and -18.76% for the last year.

Current levels places PDC Energy, Inc. (NASDAQ:PDCE)’s stock about -25.23% from the 50-day high and -2.14% away from the 50-day low.  

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