Eagle & Beagle
Admittedly, a week is short time to track an individual stock. (Nevertheless, we do it here every Sunday with the caveat that what we're offering is not investment advice; rather it's a few nuggets of information about our local publicly traded companies.)
It took only minutes to observe the gains of this week's eagle. PostRock Energy Corp., an Oklahoma City oil and gas company, rose 11.5 percent last week. Had the market closed at 3:42 p.m. instead of 4 p.m., PSTR shares would have ended the week down a few cents.
But the stock jumped nearly 25 cents in a few small trades just before closing. Such swings in value can happen with lightly traded, low-price issues like PostRock.
Friday's activity might be related to 1.3 million stock warrants exercisable at $1.71 that PostRock issued earlier this month in lieu of dividend payments, although the volume didn't even approach those numbers of shares.
This week's beagle is one of our favorite topics among semiprofessional financial writers, otherwise known as bloggers.
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