Vapor Corp. (OTCMKTS:VPCO) Drops Slightly
Yesterday the stock of Vapor Corp. (OTCMKTS:VPCO) took a tumble and lost a little less than 7% of its value. For the first hour of trading things looked calm but then the price plunged sharply downwards reaching as low as $0.93. After this sudden drop the ticker rallied and quickly recovered most of its position sitting at $1.07 at closing time.
Sparked by the tumultuous session traded volume increased dramatically with 1 million shares shifted through the day, more than 10 times the amount of the previous session. The strange thing is that the loss comes hot on the heels of another interview with the CEO of the company which should have sparked the opposite reaction.
In mid-June the ticker made a remarkable climb when it rose to $1.44 just shy of its 52 week high of dollar and a half. Apparently such price levels weren’t yet attainable and the correction that followed brought it back under the $1 mark. With the start of July the stock was relatively stable fluctuating around $1.15. If yesterday close in red initiates another series of corrections remains to be seen but in early trading today the stock is 3.7% down.
VPCO is a manufacturer and seller of a brand of the growing in popularity e-cigarettes. The devices are regarded to be a healthier alternative to traditional tobacco products and have a couple of distinct advantages. The liquid solution they use contains significantly less tar, if any at all. Another major plus is the lack of second-hand smoke, the main reason indoor smoking was banned in many countries.
For now the e-cigarettes haven’t been imposed with any regulations which to a greater degree facilitated the rapid spread of the devices. Still the future might not be so bright as propositions for legislative regulations have began cropping up. Leaving speculations aside, VPCO‘s fundamentals boast results rarely seen in other pennystocks. They have an year-over-year increase in revenues and have been profitable for the first quarter of 2013. If the next financial report manages to post even slightly better numbers another steep climb up the stock chart is not unlikely.
Another rarely seen sight is the absolute absence of any pumpers promoting VPCO. This is encouraging for investors because not one or two tickers have been crushed under the pressure. The stock of Livewire Ergogenics, Inc. (OTCMKTS:LVVV) has lost nearly 90% of it value after it first got pumped last December. NanoTech Entertainment, Inc. (OTCMKTS:NTEK) made a comeback yesterday when they added 20%.
