I had an order in for 200 shares @ $1.85. No fill but someone bought or sold 661,117 shares at $1.80 at 13:02:10. Something very fishy here with the trading.
I like the stock because of the low share count and this was a good company before all the sexual embarrassments happened.
I still am thinking a buyout offer is coming up to $4.50 a share. My own thought here though.
Yes, my Scottade Elite streamer shows a new low @ $1.71 but the Yahoo finance charts are showing a new low of $1.86. My computer locked up at that time for some strange reason so I did not get to see the time and sales on that trade.
Do you know how many shares were bought at $1,71?
independent, yes I see that you are correct. Hopefully we will see no additional selling here from anyone.
Independant, your post seems reasonable. I have another scenario below:
Also it seems as if AWN wanted to own below the 10 percent threshold.
AWM Investment Company, Inc. now own below 10%. This is the only reason I can come up for why they only sold a few. Maybe why they had a partial sell and not all. Might be part of the buyout terms.
I really am thinking and have the gut feeling that this company gets bought out soon.
Per Hunt Scanlon Media article entitled, "Shares In CTPartners Drop to New Low of $2
June 11, 2015
Shares In CTPartners Drop to New Low of $2
Shares in executive search firm CTPartners dipped 31 percent in the last five days and dropped 58 percent in the last four weeks, according to a new analysis conducted by Hunt Scanlon Media. Shares this week in the beleaguered recruiting outfit have fallen to a new low of $2 per share. On November 17, 2014 the shares registered a one-year high of $23.75, but have been in a nosedive ever since.
The company’s former CEO, Brian Sullivan, sold 873,806 shares of CTPartners stock on June 2. That stock, sold at a relative premium to where it is today, yielded an average price of $2.96, for a total transaction value of $2,586,466. With the sale completed, Mr. Sullivan now directly owns 24,097 shares of the company’s stock, valued at just $48,194. Just under 40 percent of shares in CTPartners are currently owned by company insiders; 34 percent of the shares are held by institutions.
Mr. Sullivan stepped down as CEO of the publicly-traded search company in April amid alleged accusations of sexual discrimination bias and a reported investigation by the EEOC into discriminatory actions made by some members of the company's senior management team, including Mr. Sullivan. Over a turbulent five-month period the company withdrew two stock offerings and more than 40 high level defections ensued. Because those departures put the company in violation of covenants in place with lenders, the company was forced into takeover talks with DHR International, a Chicago-based rival. Those talks remain active, though DHR has not indicated whether it will close a deal with the company that many have expected might take place as early as next week.
CTPartners has seen its market capitalization plummet since the end of last year. According to the latest valuations, the dollar value of the company’s outstanding shares is about $19 million.
Wheeler, my thoughts exactly. Over $3.00 would be a surprise. Great logical post.
They may have to sell because some institutional holders cannot hold shares under $5.00 a share. Just guessing though. AWM still own 830,718 shares.
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) - AWM Investment Company, Inc. = 830718
Finally an intelligent post here. Well stated, thanks. I have been one of those buyers.
I currently own 5,500 shares, average of $2.2002. Bought 813 of them today at the 52-week low of $2.00.
Sentiment: Strong Buy
hedging2win, what you are spewing on this board is hogwash. You must have lost your shirt on this one, shorted it or something. Institutions are buying in with the high volume the last two days.
Sentiment: Strong Buy