ArcSight, Inc. (NASDAQ: ARST) jsut saw a volume explosion late in the trading day after the WSJ announced that ArcSight was up for auction and that it could fetch $40 per share. Whether that comes is another issue, but shares are up 28% at $36.37 on more than 1.9 million shares. Average volume is only about 420,000 shares and the 52-week trading range WAS $17.51 to $29.33 before today’s explosive move.
ArcSight has been public since only early-2008 and this move above $30 represents all-time highs in the stock.
The company is a security and compliance management solutions provider that identifies and mitigates cyber threat and risk for businesses and government agencies with a complete visibility and critical insight into their IT infrastructure across all users, networks, datacenters and applications.
JON C. OGG
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