Unusual Volume Spotted in iPass Inc. (NASDAQ:IPAS) and Xerium Technologies, Inc. (NYSE:XRM)

iPass Inc. (NASDAQ:IPAS) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $0.67.  The day’s total volume of 287617 this morning is in contrast from the three-month daily average of 128.13K.  When we divide the current volume by the three-month average volume, we get a relative volume of 2.64.

iPass Inc. (NASDAQ:IPAS)‘s market cap, the total dollar value of all of their outstanding shares, is 44.28m.  Including today’s unusual volume, iPass Inc.‘s stock is performing at -59.65% on the year.  For the week, the stock is performing -46.31%.  Over the past month the firm’s stock is -49.57%, -45.43% for the last quarter, -56.77% for the past six-months and -57.05% for the last year.

Current levels places iPass Inc. (NASDAQ:IPAS)’s stock about -55.63% from the 50-day high and 9.82% away from the 50-day low.  

Investors are on alert as Xerium Technologies, Inc. (NYSE:XRM)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $6.23.  The day’s total volume of 181866 this morning is in contrast from the three-month daily average of 39.63K. 

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

Xerium Technologies, Inc. (NYSE:XRM)‘s market cap, the total dollar value of all of their outstanding shares, is 98.72m.  Including today’s unusual volume, Xerium Technologies, Inc.‘s stock is performing at 5.69% on the year.  For the week, the stock is performing -19.40%.  Over the past month the firm’s stock is -19.40%, -15.38% for the last quarter, 9.80% for the past six-months and -19.51% for the last year.

Current levels places Xerium Technologies, Inc. (NYSE:XRM)’s stock about -19.61% from the 50-day high and 5.95% away from the 50-day low.  

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