Stock Market Alert: JDO continued its volatility on Tuesday, trading down almost 12% to close the regular session at $5.68. Volume was heavy once again, with 1.6 million shares of the stock changing hands, compared to a normal daily average volume of just over 300k shares. The stock has been on a rollercoaster ride ever since the company announced that it was suspending drilling at two sites. Right now the stock is being dominated by traders who are whipping the stock around. I expect that the stock will hover around this area, bouncing up and down unless we get another piece of news from the company. Until then, daytraders will dominate this stock.
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