Breaking Finance News

RUMOR ROUNDUP- Why is Dataram Down 9 Percent? (DRAM)

Shares of Dataram (NASDAQ: DRAM) are down 9 percent after plunging 16 percent and being halted on a circuit breaker. The $7 million company has traded 80,800 shares Friday versus normal volume of 52,500.

The stock currently trades at $4.10 and is up 58 percent over the past 6 months. The reason for the drop is unknown at this time. Monitor the social media streams below and let us know if you find a reason for the sudden drop.

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About Dataram:

Dataram Corporation, an independent memory manufacturer, develops, manufactures, and markets large capacity memory products primarily used in high performance network servers and workstations worldwide. It provides customized memory solutions for original equipment manufacturers (OEMs) and compatible memory for various brands, including Dell, HP, IBM, and Sun Microsystems. The company also manufactures a line of memory products for Intel and AMD motherboard based servers for sale to OEMs and channel assemblers. In addition, it develops, manufactures, and markets a line of storage caching products. The company sells its memory products to OEMs, distributors, value-added resellers, and end-users. Dataram Corporation was founded in 1967 and is based in Princeton, New Jersey.

[stock-tools exchange="NASDAQ" symbol="DRAM" 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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