Unusual Volume Spotted in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) and Numerex Corp. (NASDAQ:NMRX)

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $1.66.  The day’s total volume of 50194 this morning is in contrast from the three-month daily average of 13.40K.  When we divide the current volume by the three-month average volume, we get a relative volume of 4.40.

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD)‘s market cap, the total dollar value of all of their outstanding shares, is 41.39m.  Including today’s unusual volume, China Jo-Jo Drugstores, Inc.‘s stock is performing at -3.53% on the year.  For the week, the stock is performing -1.80%.  Over the past month the firm’s stock is -6.82%, -8.38% for the last quarter, -12.77% for the past six-months and -16.33% for the last year.

Current levels places China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD)’s stock about -8.62% from the 50-day high and 5.73% away from the 50-day low.  

Investors are on alert as Numerex Corp. (NASDAQ:NMRX)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $4.42.  The day’s total volume of 170157 this morning is in contrast from the three-month daily average of 61.36K. 

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

Numerex Corp. (NASDAQ:NMRX)‘s market cap, the total dollar value of all of their outstanding shares, is 81.27m.  Including today’s unusual volume, Numerex Corp.‘s stock is performing at -41.89% on the year.  For the week, the stock is performing -9.19%.  Over the past month the firm’s stock is -11.34%, -0.92% for the last quarter, -25.48% for the past six-months and -41.26% for the last year.

Current levels places Numerex Corp. (NASDAQ:NMRX)’s stock about -30.72% from the 50-day high and 14.50% away from the 50-day low.  

Leave a Comment