Yesterday, MedCath Corporation (NASDAQ:MDTH) stock was subject to huge investors interest.
Despite the fact that the company has not seen news since the beginning of June, MDTH shares plunged back down again with 0.55%, but in meaningful volume traded.
After the last huge speculative rush at the end of June, followed a period of long and not so healthy sleep of MDTH shares.
The poured yesterday volume on no news whispers that MDTH stock may again weak up. In the session, the volume topped 736 K shares, compared to the three-month average volume of 142 K.
This fact suggests a possible breakout, or potential reversal in the present downward direction.
In a mid term prospective, in unison with hot debates about new Health Reform Laws MDTH stock maybe will further reflect the uncertainty of investors in the reform’s future impacts on the company.[BANNER]
Further more, this March MDTH stated that it has formed “a Strategic Options Committee composed solely of independent directors to consider the sale of the Company, the sale of its individual hospitals and other assets, or the sale of its interest in those assets.”
As of yesterday, there are no other updates on the above mentioned important for the future development of MedCath Corporation events.
