HANS had a huge day on Wednesday, trading up over 14% to finish the session at $201.06. This stock, which has torched many short-sellers along the way, traded up to a new 52 week high of $202.10 before pulling back slightly and closing the session at $201.06. Volume was heavy, with over 5.1 million shares changing hands, compared to a normal daily average volume of just over 1.1 million shares. HANS was up on Wednesday after reporting a very strong Q1 report. The company reported a Q1 profit of 84 cents per share on net sales of $119.7 million dollars, compared to analyst expectations of 71 cents per share of earnings on revenues of $106.3 million dollars. The company also announced a distribution pact with BUD. Things are looking very good right now for HANS shareholders, and if I were short HANS right now, I would probably be re-evaluating my position. Getting in the way of a stock with this much momentum is not a good idea.
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