Saturday, 28 November 2009

ACOM (Ancestry.com) decline continues

During its third full week of trading on the NASDAQ shares of Ancestry.com continued the decline started at the end of the previous week.

The high price for the week was $13.45, where it opened on Monday, the low $13.05 on Tuesday.

Friday's close of $13.11 was the continuation of a string of days with successively lower closing prices. Each day also showed successively lower volume traded. Friday, at 42,707 shares traded, was the lowest volume since the stock was listed; the day after a holiday (US Thanksgiving) is typically marked by low volume.

The price remains comfortably within the range contemplated,
$12.50 to $14.50, when the stock was originally offered.

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