ICO Shares See Heavy Volume Trading
HOUSTON (
) -- 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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