Stock Movement - Ascendas Reit is a $2.00 stock again

Ascendas Reit closes at 2.08 for consecutive days on Dec 23 and Dec 24. On both days, it has touch an intra-day high of 2.10. Volume on Dec 23 was relatively high at about 11,359,000 units (52 Wk average volume about 497,639 units, source sharejunction).

This stock has largely been trading above $2.00 in 2008 before the fall of Lehman. From Jan 2009 onwards, the stock has never managed to cross the $2.00 level until yesterday. Finally, this stock is back as a $2.00 stock again. We will have to see whether it will hold above this level in days to come.