After hitting an intraday low of $2.18 on April 20th, DSCO seems to be recovering slightly, having closed Friday afternoon at $3.20. Volume was on the heavy side on Friday, with over 2.5 million shares of the stock changing hands, compared to a normal daily average of 1.8 million shares. A month ago, the stock was trading at around $8, then was hit by multiple pieces of bad news, sending the stock all the way down to $2. The question is: is this a dead-cat bounce, with a good deal of the buying actually being short-covering, or do some investors see value in this company right now? Whatever it is, the stock was one of the big gainers on the Nasdaq on Friday, and DSCO longs hope to see the gains continue into next week.
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