VLI Stock Is Active on Strength of Condom News
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VLI Corp. Wednesday attributed recent high-volume trading and price increase in its stock to last week’s announcement that the Irvine-based company is considering adding condoms to its contraceptive and personal hygiene product line.
The company’s stock, which was trading at about $4 per share Thursday before the announcement was made, closed Wednesday at $7.25, up 25 cents for the day. Since Thursday, VLI shares have been among the most actively traded in the over-the-counter market.
On Wednesday, about 2.8 million shares changed hands, or about 24% of the company’s 11.7 million outstanding shares.
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