Unusual Volume Spotted in Top Ships Inc. (NASDAQ:TOPS) and Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

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 $1.51.  The day’s total volume of 973951 this morning is in contrast from the three-month daily average of 210.09K.  When we divide the current volume by the three-month average volume, we get a relative volume of 5.45.

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 -76.08%.  Over the past month the firm’s stock is -77.38%, -99.91% 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 -99.29% from the 50-day high and -16.11% away from the 50-day low.  

Investors are on alert as Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $7.03.  The day’s total volume of 1323864 this morning is in contrast from the three-month daily average of 344.57K. 

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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)‘s market cap, the total dollar value of all of their outstanding shares, is 270.19m.  Including today’s unusual volume, Commercial Vehicle Group, Inc.‘s stock is performing at 60.04% on the year.  For the week, the stock is performing 0.80%.  Over the past month the firm’s stock is 5.23%, 2.08% for the last quarter, 43.90% for the past six-months and 99.77% for the last year.

Current levels places Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock about -23.34% from the 50-day high and -4.22% away from the 50-day low.  

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