Fresh on the footsteps of merger news, Yippy Incorporated (OTC:YIPI) spiked for the second day in a row.
The gain of forty-three cents or 23% came on the heels of Monday’s 50 plus cent up move.
In the past two days Yippy’s stock price has climbed from $1.25 to a closing price of $2.28 yesterday. Volume continues to run higher than average with nearly 800,000 shares exchanging hands.
The recent buying spree by investors comes after a steady climb in the stock price that began in early May.
Earlier in the trading session yesterday, Yippy kissed a new annual high price of $2.34. The annual low for the stock is eleven cents, a point reached four months ago.
The run up in the stock the last few days has been fueled by the agreement between Yippy and MuseGlobal. Yippy, a Fort Meyers based company, holds the perpetual license for a web-based software application known as Velocity.