What happened to Logmein today (Nasdaq:LOGM) and ONE.to 01 Communique Laboratory ?
Just before the close today at 3:40pm EST Logmein ( $LOGM) announced that they were found not guilty on a patent infringement case.
as you can see below the stock popped right at 3:40pmEST on volume but then was halted. When it resumed trading after-hours it dropped back a bit
What happened to ONE.to today ?
Check out what happened to the stock that trades in Toronto that lost the lawsuit to LOGM : Dropped 62.88% to .36 from yesterday’s close of .97c – also got halted at 3:45pmEST . It hit lows it has not seen since May 2011 so probably a bit oversold at this point but definitely a huge OUCH for holders of this stock tonight.
Dropped that huge amount in 10minutes. Chart below -this Lawsuit definitely hurt this stock more than it helped LOGM.
(CAN:ONE ) – ONE.to – 01 Communique Laboratory Inc.
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