Eagle & Beagle, Aug. 19

Eagle & Beagle, Aug. 19
by Don Mecoy Modified: August 17, 2012 at 10:51 pm •  Published: August 19, 2012
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But trading volume this year is slow even by summer standards. The Wall Street Journal noted last week that trading this month is down more than 40 percent from last August.

Low volume is among the reasons we're not too alarmed by the 9.2 percent drop in the stock price of this week's beagle: Oklahoma City-based PostRock Energy Corp. It closed Friday at $2.

PSTR trades pretty thinly, and its heaviest trading volume last week came on a day that it actually gained a bit.

The stock's struggle to break through the $2 level is troublesome, but last week's 20-cent decline doesn't appear to signal a major sell-off, considering it puts the stock precisely where it ended the month of July.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.


by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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