Aug. 18 at 10:26 PM
$CADL From around 12:45pm EST to 3:15 EST the stock traded around 167k shares (320k to 487k), or approximately 34k shares every half hour period. Then , In the final 45min of the trading day, the stock traded approximately 300k (487k to 787k) shares the equivalent of 200k shares every half hour period.
So while the overall volume was relatively low, the typical end of day volume spike was in sync with the recent trading environment. The stock closed on the upside of
$12 having traded below
$12 for a majority of the day. As a result, a high percentage of the trades were executed over
$12 a share.
