PVSP - Pervasip Corp. is up 32% today going into the last half hour of trading as it continues a three day upward move. This current upsurge in price action is a 500% gain for the stock that opened Monday at the .01 mark. News released just after opening bell Monday morning announced NetCapital, LLC had agreed to buy all of Pervasip's outstanding debt. Once the news hit the PR wires PVSP began a strong move upwards closing Monday around .025 and followed up Tuesday gaining almost another 100% before closing yesterday just shy of .05.
PVSP opened today at .0495 and met with some selling pressure early in the session printing an intraday low of .0404 before buyers began showing signs of life. Overcoming early selling, buyers were able to push the stock up as high as .075 today before pulling back slightly in the .06-.065 area going into the closing bell with over 16 million shares traded. PVSP has a 52 week high of 1.60 and a 52 week low of .008 which was printed last Friday.
5/18/2011
