Spot Check on Stocks With Abnormal Activity Five Oaks Investment Corp. (NYSE:OAKS), Depomed, Inc. (NASDAQ:DEPO)

Shares of Five Oaks Investment Corp. (NYSE:OAKS) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $4.32 at the time of writing.  The day’s total volume of 1286024 this morning is in contrast from the three-month daily average of 218.32K.  When we divide the current volume by the three-month average volume, we get a relative volume of 6.92.

Five Oaks Investment Corp. (NYSE:OAKS)‘s market cap, the total dollar value of all of their outstanding shares, is 106.19m.  Including today’s unusual volume, Five Oaks Investment Corp.‘s stock is performing at -0.80% on the year.  For the week, the stock is performing 0.00%.  Over the past month the firm’s stock is 1.02%, -9.21% for the last quarter, -6.63% for the past six-months and 7.28% for the last year.

Current levels places Five Oaks Investment Corp. (NYSE:OAKS)’s stock about -22.99% from the 50-day high and -5.68% away from the 50-day low.  

Depomed, Inc. (NASDAQ:DEPO) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $6.37.  The day’s total volume of 14730116 this morning is in contrast from the three-month daily average of 1575.16K.  When we divide the current volume by the three-month average volume, we get a relative volume of 10.98.

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

Depomed, Inc. (NASDAQ:DEPO)‘s market cap, the total dollar value of all of their outstanding shares, is 598.38m.  Including today’s unusual volume, Depomed, Inc.‘s stock is performing at -48.78% on the year.  For the week, the stock is performing -10.48%.  Over the past month the firm’s stock is -15.01%, -14.77% for the last quarter, -48.75% for the past six-months and -56.40% for the last year.

Current levels places Depomed, Inc. (NASDAQ:DEPO)’s stock about -43.48% from the 50-day high and -29.22% away from the 50-day low.  

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