I have this stock on which the last price (at market close) was USD $9.10/share.
However the last bid on it was $8.80 (5) and the last ask was $10.75 (94). The amounts in parenthesis show the number of shares at the indicated price.
The traded volume on this stock today was about 158K. The market capitalization of the company is about $350 Million. The stock has increased in value since beginning of this month.
- What factors (besides traders willingness to make a profit) can cause a nearly $2 spread between the "bid" and the "ask" prices?
- Could this spread indicate a reversal of the uptrend value of this stock?