ISDEX Finds Splits & Ratings Boost Value
CMGI (NASDAQ:CMGI) announces a 2-for-1 stock split, sending shares of the Internet investment firm up 5% to $184.8125.
Egghead.com (NASDAQ:EGGS) shares jump nearly 30% to close at $21.875 per share after Piper Jaffray put out a strong buy and price target of $28 on the nerdtailer.
iVillage (NASDAQ:IVIL) prices its IPO at the top of an already high range: $28 per share. An indicator of the strong demand in the women’s network despite the glut of IPOs in the wings.
24/7 (NASDAQ:TFSM) pops 30% to $40 per share today on yesterday’s news of it teaming with NBC for cross marketing.
Barnes & Noble (NYSE:BKS) plans to finally spin out 20% of its Web effort to raise cash to try and compete with Amazon.com (NASDAQ:AMZN). Problem that I see is Amazon has about 10x more cash.