ICO Shares See Heavy Volume Trading

Shares of polymer manufacturer ICO spike in early trading on Monday.
By Eric Rosenbaum ,

HOUSTON (

TheStreet

) -- Shares of polymer manufacturer

ICO

(ICOC)

surpassed their average daily volume of shares traded in the pre-market on Monday morning. More than 184,000 shares of ICO were traded on Monday morning during the pre-market session, versus an average daily volume of 150,000 shares.

ICO shares were up close to 6% early on Monday, or a gain of 45 cents to $8.40. ICO's 52-week high was hit on March 23 at $8.52. ICO shares had not closed above the $8 mark through the first two weeks of April.

ICO is planning to merge with

A. Schulman

(SHLM) - Get Report

, a deal announced last December and expected to close this spring.

Shares of Schulman were unchanged in the pre-market on Monday morning.

-- Reported by Eric Rosenbaum in New York.

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