NEWS

Stock Watch: Viant Partners With Hewlett Packard

Print Version
E-Mail Article
Reprints


Vendor White Papers – Featured Listings
ECT News Network's directory of e-business, IT and CRM white papers provides resources you need to make informed purchasing decisions. Browse Listings.

Shares of e-commerce infrastructure company Viant (Nasdaq: VIAN) soared nearly 14 percent on Tuesday, climbing 4-5/8 to 38 after Viant announced a partnership with Hewlett-Packard (NYSE: HPQ) Latest News about Hewlett-Packard. Viant and Hewlett-Packard will work together to create "e-services" that will perform specific tasks and transactions for online businesses.

Viant is an extremely thinly traded stock. Volume was light even after the strong news led to a sharp spike in the stock price. Just 68,500 shares of Viant changed hands on Tuesday. With just 68,500 shares traded, it's clear that there wasn't much -- if any -- daytrading going on here.

It seems that Viant is still a largely invisible company for many investors, even though top investment bank Goldman Sachs was the lead underwriter for its initial public offering. Even so, Viant stock is doing just fine. The company went public at $16 in June.

Social Networking Toolbox:

Print Version E-Mail Article Reprints More by Andy Wang   RSS

Don't miss a story -- sign up for our FREE e-mail newsletters and view the latest headlines at a glance.
Tech News Flash [ View Sample ]
E-Commerce Minute [ View Sample ]
ECT News Network Weekly Newsletter [ View Sample ]