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.
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Published by Alan Masterson
Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk.
In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs.
You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page
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