Dataram Corporation (DRAM) Gives Back Portion of Huge Run Up On Friday

Dataram Corporation (NASDAQ: DRAM) is down 14% today after running up 59% on Friday. The stock is currently trading at $3.45/share on much higher than normal volume.

There was no news on Friday, however the stock moved from around $2.50 to close at almost $4.00/share on 42X normal volume.

The move turned out to be a precursor to a press release issued today announcing a new product, the XcelaSAN® storage optimization appliance. "The XcelaSAN is an innovative solution which enables mid-sized organizations to seamlessly increase the performance of their existing business-critical applications within an hour of installation," stated John Freeman, Dataram's President and CEO, "These gains come without making changes to the customer's existing storage systems, servers or applications."

Dataram Corp sold off after the news was released; however the stock remains up over 92% this month alone.