Good price movement today, particularly into the close. We traded over 1 million shares, finished near the high of the day, at nearly 16 1/2 bucks. The broad market definitely gave us a boost, but a lot of this was clearly CQB specific. The stock outperformed both FDP and DOLE, though the former is also near a 52-week high and reports on Tuesday. There is still a sizeable short position out there, so that could influence price movement over the next few sessions, should they decide to cover en masse.
Nice pop after hours. Added another dime to the price! Eyes are still on Libya, but it appears that opposition forces have secured the east and related oil assets. That's about 1/2 of Libya's production right there. The remaining question is whether Gadhafi will follow through with his threats and torch Tripoli, or decide to sneak out of the country with his skin intact. A quick resolution could send oil prices down sharply and spark a good market rally.