14-Aug-98 | point change | % change | |
|---|---|---|---|
ISDEX | 132.03 | 0.00 | 0.00% |
NASDAQ | 1,790.19 | -12.35 | -0.69% |
DJIA | 8,425.00 | -34.50 | -0.41% |
- 24/7 (NASDAQ:TFSM) goes public today, prices 3.25 million shares at $14, opens at $18.50, hits a $22.75 high and closes at $20.25. The IPO signals the continued strength and interest in Internet offerings in the ecommerce space. Rival DoubleClick (NASDAQ:DCLK) shares lose 3% to $43 per share today. For our analysis of 24/7 please click here
- E*TRADE (NASDAQ:EGRP) holds more than 11% of the fast-growing Web stock trading arena, making it second to Schwab according to Piper Jaffray. Both E*TRADE and Schwab, however, lost some marketshare, 1% and 2% respectively, as privately-held Datek, Ameritrade (NASDAQW:AMTD), Fidelity and Waterhouse make aggressive moves. Some 22% of all retail trades were done on the Web in the first half of this year.
__ATLAS_TABLE_BLOCK__1__
Internet Investment Symposium ’98 @ Fall Internet World!
Book now! New York City, Oct. 8-9 as Steve Harmon talks investments with some of the top names in the industry…top execs of GeoCities, CMG Info, DoubleClick, venture capitalists doing the $ billion deals, debuts hot startups at Startup Live!, and debates top stocks with the leading Internet stock analysts on Wall Street (Steve was one of them) selected by CBS MarketWatch!”