What was that all about? Someone must have believed this stock was worth a lot more than Friday close @ $3. Anybody have knowledge or theory as to who they are and/or why they bought so big on that day?
Shares Outstanding: 3.08M Float: 1.70M With 1.20 Million sold from the float that leaves 500,000 shares to the public.1.38 Million owned by insiders.I'd like to think buyout at these low prices but that's my speculation.
As much as I would like to see a takeover, my guess is that the 1.2M shares were bought and sold by day traders.
ACS had a great 2004 annual report which came out in March. This may have prompted the buy.