MOVI is a stock that we have been following fairly closely in our financial network. It is an interesting story: will the company be able to pull its finances together and reverse the downwards trend of the stock and the company? And a short-term question is: does MOVI has some sort of positive news coming out over the next few days? Based on Thursday’s price action, you would have to think that this is a possibility, with the stock trading up over 18% on Thursday on moderately heavy volume (3.3 million shares traded versus normal daily average of 2.3 million shares.) The stock suddenly took off around noon, and continued higher throughout the day, and has extended its gains into the afterhours session. We will be keeping an eye on this story for our readers, and trying to figure out why the stock moved as it did on Thursday.
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