Superclick, Inc. (OTC:SPCK) has just scored a record trading volume in its history. On Monday Sept 26, 7 million shares of the company’s common stock were traded.
Previously, the trading activity of SPCK stock barely exceeded 400 thousand shares. Nevertheless, on Monday the company issued a press release which attracted a large mass of investors into the trade.
Specifically speaking, SPCK announced on Monday that it had signed a definitive agreement under which a subsidiary of AT&T would acquire SPCK in a cash transaction currently valued at $15 million.
However, the same day a couple of law firms started an investigation of the Board of Directors of SPCK for possible breaches of fiduciary duty and other violations of state law in connection with the announced acquisition.[BANNER]
On Monday, SPCK opened the market with a gap at $0.25 and finished the session at $0.255, or 7% higher than the previous close. In the following days, SPCK continued to rise in small steps and yesterday it finished the session at $0.261.
The volume remained higher than the daily average throughout the whole week. This shows that SPCK has kept investor interest despite the started investigation of the company’s Board.
Â
