Vapor Corp. (OTCBB:VPCO) Regains Some of Its Value
Vapor Corp. (OTCBB:VPCO) didn’t fare that well last week as it dropped below the $1 mark in the charts. The interest in the stock was rather high, which is nothing new to VPCO who have been traded heavily since the beginning of the month.
The stock started the past week with a price above $1, but by the middle it dropped below that mark and was priced as low as $0.76 on July 31 when it lost 24% from its value. The heaviest trading was in that day with more than 1.5 million shares switching hands, making the total trade value come at $1.3 million.
However, the stock managed to regain some of its value in Thursday’s and Friday’s sessions, but was unable to breach the $1 barrier. It seems that things have quieted down after the huge amount of traded stock in Wednesday’s session and this allowed the price to gather some value.
First, the stock gained 11.84% in Thrursday with a volume that was close to their average of 463 thousand. The total amount of traded shares came to 437 thousand and the price jumped from $0.76 to $0.85, generating a trade value estimated at $353 thousand.
The week ended with another optimistic trade session in which VPCO‘s stock added 8.14% to its value going from $0.85 to $0.919 with a total of 339 thousand shares being traded. The trade value for the day was even lower, as it came to a total of $305 thousand.
One issue still remains. The fact that the company is having less revenues for Q1 this year than it had for the same period in 2012 is disturbing, especially when you have in mind that the e-cigarette market is expanding fast, with smoking being prohibited at public places in more and more countries.
One thing to comfort you is the fact that the company is not getting promoted (at least not through the regular channels that we keep an eye on), but the stock remains risky. This is why we would advise you to do a lot of due diligence and weigh out the risks for yourself.
Friday’s session proved that Xumanii, Inc. f/k/a Medora Corp. (OTCMKTS:XUII) aren’t slowing down, as they ended up with one of the highest dollar value at the end of the day with $3.59 million. Another thing that Friday proved was that Sanborn Resources Ltc. (OTCBB:SANB)’s stock movement is not changing as they started to go down for the third time, since they started trading their stock, on high volume, losing 4.29% from their value and closing at $0.67. They also managed to generate a fair amount in trade value with $2.5 million.
