11/25/11 EOD: $0.90
Yep, it's last week's news, but I haven't updated in a long time and this is interesting news.
Mr. Jian Huai Lin, Chairman & CEO of CNIT, has decided to purchase up to $2M of CNIT stock as part of the stock repurchase program that was extended in September. The news helped briefly push the stock back above $1 the following day, after it had been beaten in the previous week due to a less than glamorous quarterly earnings report.
On black friday (11/25), amidst a failed market rally, small stocks largely suffered and CNIT fell on fairly low volume. I wouldn't read into this too much due to the volume and the lack of any additional substantial news.
