Shares of Kana Communications (Nasdaq: KANA), which develops customer interaction software for e-commerce businesses, climbed more than 24 percent on Friday, gaining 12-1/8 to 62. Kana is still in the quiet period after its initial public offering, and there was no news to move the stock. It just looks like a lot of people believe this one is going to keep climbing in a similar manner to the way the stock of Ariba has performed.
With a customer base that includes eBay, Excite, TheStreet.com and Travelocity.com, Kana could remain a favorite among investors. The company went public at $15 on September 21 and more than tripled in its first day of trading, closing at 51-1/2.