Two trading sessions after the third quarter 2010 financial results release, Points International Ltd. (TSE:PTS), (OTC:PTSEF) stock pulls back, as opposed to the reported by the company strong operational and financial results.
As Points International Ltd. released their explosive growth on Wednesday, not only measured by increase in revenues and net income, the company’s share price turned back by 1.23%.
The only signal for investor appreciation of the good news was the fact that during the trading session the highest bid proposed on PTS was $0.84 per share. This is 99% of the 52-week high of the share price.
Yesterday, following the mood of investor resistance to PTS going further up beyond the above mentioned $0.01 of added value, PTS stock tumbled 2.50% down between the sessions on an average volume traded.
On the American OTCQB market, investors appreciated a 1.27% price increase of PTSEF.[BANNER]
In the above mentioned press release, Points International Ltd. reiterated its forecast for the year end financial and operational performance, leaving the feeling that PTS stock may go further up on the planned growth of the company.
Maybe investors of PTS already reevaluated the share price from last week, after the Special Meeting of the company’s shareholders and the share price jump up within a few sessions.
The trading session today will show whether the shares of Can Points International Ltd. were already repriced, or may go up further and faster in unison with company’s slogan.
