Vonage Holdings Corporation (VG) finally hitting the bottom?
As you know I have been following Vonage since its IPO. It has consistently trended down for the entire year and a half since. But recently, after briefly dropping below $1 per share, VG bounced hard with heavy volume back close to $3 per share (with a one-day rise of 131.3% on October 8th).
Maybe it’s just a blip in the downtrend to $0, but it is the best sign of life I have seen since the IPO. If VG can ever get back over $3, I’d be convinced that the down trend has broken.
