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Published: Thursday, 7/8/2010

Libbey: Exchange looks at unusual stock trades


Toledo-based tableware maker Libbey Inc. yesterday disclosed it had responded to an inquiry from the NYSE Amex stock exchange, where its shares are listed, regarding “unusual trading activity” in its stock. In a written statement, Libbey said “its normal policy is not to comment on unusual activity, but it knows of no reason for the unusual market activity.”

Libbey's share prices have fallen dramatically since June 25, when it experienced trading volumes more than 10 times normal. After the announcement yesterday morning, the company's shares gained 7 percent to close at $10.86 a share.

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