ADCT Stock Shares Tank
Posted on Thu 1st Jun, 2006 02:13:29 AM
A D C Telecommunications (ADCT) got clobbered in the stock market today. The stock lost $4.46 and closed at $17.92. Volume on teh day was a whopping 25,192,000. The average shares traded per day is just over 1.4 million. The stock tanked apparently after it agreed to buy out Andrew (ANDW). I imagine this to be an overreaction of the market and I suspect investors will trade ADCT shares up tomorrow. There is definitely room for some quick gains if you play your cards right here.
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