Taronis Technologies stock doubles on massive volume after deciding against reverse stock split [MarketWatch]
TARONIS TECHNOLOGIES INC (TRNX)
Last taronis technologies inc earnings: 5/20 05:28 pm
Check Earnings Report
Company Research
Source: MarketWatch
Shares of Taronis Technologies Inc. more than doubled on massive trading volume Thursday, after the fuel generation and water decontamination company said it decided not to pursue a reverse stock split. The stock soared 124% in afternoon trading, but was still trading at just 25 cents. Trading in the stock exploded to 383 million shares, making the stock the most actively traded on major U.S. exchanges, and well above the full-day average of 23.0 million shares. Companies will often pursue reverse stocks splits, combining a specified number of shares into one share, to boost the stock price to meet the minimum listing requirement of a $1 stock price. But announcing a reverse split often leads to more selling, as it highlights the company's financial troubles, like what happened to Cheseapeake Energy Corp.'s stock on Wednesday. "e have cleared all material indebtedness. We plan to retire the entire $3.5 million existing convertible preferred equity in the immediate future, and we expec
Show less
Read more
Impact Snapshot
Event Time:
TRNX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRNX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRNX alerts
High impacting TARONIS TECHNOLOGIES INC news events
Weekly update
A roundup of the hottest topics