Toyota Motor Corp. (NYSE: TM) is spiking higher this morning. Maybe it is the realization that many other car companies are having recalls too. But traders are pouncing on the buy-buttons on the screens at the open. Shares are gapping up 3% at $76.72 right after the open. At 9:33 AM EST we have seen 200,000 shares that have traded hands versus 1.8 million shares on average. This is actually the highest price in the ADR since Feb. 16….
-JON OGG
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