If you want even more evidence that e-commerce infrastructure stocks are being gobbled up by investors, all you have to do is take a look at Broadvision competitor Art Technology (Nasdaq: ARTG). Shares of Art Technology also hit an all-time closing high on Monday, climbing nearly 12 percent to close up 5-13/32 to 51-1/2. There was no news to move the stock. It appears Art Technology can do no wrong right now.
Shares of Art Technology have been pretty much unstoppable since they hit a low of 10-1/4 a couple months ago. This company went public at $12 on July 21, and the initial public offering wasn’t really considered all that hot. Now the stock has already soared past the $50 price target it received from U.S. Bancorp Piper Jaffray less than two months ago. I guess this is what they mean when they say “Web time.”