NICK at $9.33

Earlier I had noted that shares Nicholas Financial (NICK) had suddenly sprung to life. As it turned out, Thursday and Friday were the two heaviest trading days in over two months. The stock jumped from $8.35 on Wednesday to as high as $9.33 just before the close on Friday. That was NICK’s highest price in over three years. The stock finished the week at $9.01.

I have no idea what’s caused the sudden interest in NICK. It’s a small stock so it doesn’t take a lot to cause some waves. I don’t have much else to say except I still think it’s an excellent stock and it should be going for around $12 per share.

Posted by on September 26th, 2010 at 6:07 pm


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