PriceSmart Up On Strong Volume

PriceSmart, Inc. PSMT is up 2% today, on heavy volume. The average daily volume in the name is just over 73,000 shares, and 105 minutes into trading, it's already traded over 76,000 shares. This could potentially mean that institutions are moving into this name, or perhaps a major investor is accumulating shares. Traders would be wise to watch this name over the next few days to see a continuation of this accumulation. At last check, shares of PSMT were up 96 cents to $29.62, a gain of 2.5%. PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America, and the Caribbean.