Breaking Finance News

BREAKING- Vringo Spikes Midday Tuesday- No Reported News (VRNG)

Shares of Vringo, Inc. (NASDAQ: VRNG) spiked nearly 2 percent around 1:00 p.m. EDT. There is no news to attribute to the move. Twitter is silent regarding the move and Stocktwits is pointing towards algorithmic buying or short covering. Others are taking a more comical approach to the move:

“@egiscodr: $VRNG ooops. Accidentally bought a few hundred thousand shares. My bad.”

“@RedGreenRed: $VRNG I think someone fell asleep watching the stock and their face hit the buy button…”

On August 4, Breaking Finance News ran this story that detailed the recent run up in the stock and why it was poised to continue higher. Over the past month, the stock is up nearly 8 percent.

[stock-tools exchange="NASDAQ" symbol="VRNG" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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