why does this stock trade at the offer, and then see the next offer be 4 cents lower... trade at that offer, then see the offer drop 4 cents, trade at that offer, and see the next one drop, and so on
Low volume certainly contributes. SPPI has a 13-week low of $4.70 and support currently around $4.90. Resistance is at about $5.05 and for the time being, it appears that is where it will trade. Any breakout above $5.14 should serve to quiet a few voices.