PTEN experiencing double its avg vol....any news or reasoning ofr it?
PTEN experiencing double its average volume. .Is there any news or reasoning for this significant increase in volume while moving up 10 percent in price?
Additional Information:
PTEN experiencing double its avg vol....any news or reasoning for it?
PTEN today is experiencing double its average volume. Is there any news or reasoning for this significant increase in volume while moving up 10 percent in price by mid-day of trading?
Answers
511 points
songcon answered 3 weeks ago …
Good earnings was release yesterday
Market Report -- In Play (PTEN) 10/29/2009
Patterson-UTI beats by $0.04, beats on revs Reports Q3 (Sep) loss of $0.12 per share, $0.04 better than the First Call consensus of ($0.16); revenues fell 71.0%... Briefing.com
http://news.moneycentral.msn.com/ticker/rcnews.aspx?symbol=pten
Yeste rday was a strong day for oil & gas. See the chart of PTEN as compared with Oil & Gas price
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