Sunday, 22 November 2009

ACOM (Ancestry.com) makes a move

For most of its second full week on the NASDAQ shares of Ancestry.com traded in a narrow price range, then made a small move to the downside on Friday as selling pressure emerged.

The high price for the week was $13.59 on Monday, the low $13.05 on Friday.

Most trading during the week was at close to $13.50. On Friday it dropped below that narrow range shortly after the market opened to close at $13.41, having traded as low as $13.05, on increased volume of 290,400.

Company insiders, Victor E Parker Jr., Spectrum Equity Investors and Benjamin C. Spero all reported selling the stock. There were no insider purchases.

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