Voltari Corp (VLTC) Shares Soar on What Appears to Be a Pump

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Shares of Voltari Corp (NASDAQ:VLTC) are up over 15% this morning, even though the company has not released any significant news. The reason for this giant jump? It appears to be a pump on behalf of a website called Ultimate Stock Alerts, based mostly on technical factors.

As a release by the stock alert company reads:
“Voltari Corporation (VLTC) was alerted to UltimateStockAlerts.com newsletter subscribers earlier today due to various bullish technical indicators that confirmed the increased probability of upside opportunity. The daily chart for VLTC indicated a potential triple bottom signified by an area of previously established support. The company has been fairly quiet as of late but a recent 10Q revealed that Voltari was conducting a real estate transaction recently in New Jersey. In August 2015, VLTC announced that it began implementing a transformation plan pursuant to which, among other things, the company intended to exit the mobile marketing and advertising business and enter into the business of acquiring, financing and leasing commercial real properties.”

It is our guess that this increase won’t hold, as this seems like quite an incredible jump based on technical analysis alone. It will be interesting to follow this stock as the day unfolds.

The stock is up 15.10% or $0.53 following the news, hitting $4.04 per share. About 1.09 million shares traded hands or up 459.76% from the average. vltc has declined 41.40% since June 29, 2015 and is currently downtrending. It has underperformed the S&P500 by 33.89%.

Voltari Corporation is a provider of merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. The company has a market cap of $36.75 million. The Firm provides its solutions to brands, marketers and advertising agencies. It currently has negative earnings. The Firm is focused on its digital media and marketing business and is planning to expand its product offerings to add online and display solutions to its suite of mobile data marketing services.

#focuskw=’Voltari Corp (NASDAQ:VLTC)’##metadesc=’Shares of Voltari Corp (NASDAQ:VLTC) are up over 15% this morning, even though the company has not released any significant news. The reason for this giant jump? It appears to be a pump on behalf of a website called Ultimate Stock Alerts, based mostly on technical factors.

As a release by the stock alert company reads:
“Voltari Corporation (VLTC) was alerted to UltimateStockAlerts.com newsletter subscribers earlier today due to various bullish technical indicators that confirmed the increased probability of upside opportunity. The daily chart for VLTC indicated a potential triple bottom signified by an area of previously established support. The company has been fairly quiet as of late but a recent 10Q revealed that Voltari was conducting a real estate transaction recently in New Jersey. In August 2015, VLTC announced that it began implementing a transformation plan pursuant to which, among other things, the company intended to exit the mobile marketing and advertising business and enter into the business of acquiring, financing and leasing commercial real properties.”

It is our guess that this increase won’t hold, as this seems like quite an incredible jump based on technical analysis alone. It will be interesting to follow this stock as the day unfolds.

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