Software Soars, But Cream Hasn’t Risen To The Top

By | May 20, 2015

Scalper1 News

The desktop software industry group was the best performer Wednesday, with a gain of more than 2%. But it was due mainly to the performance of a single, hardly noticed IPO that has soared. That company, Code Rebel (CDRB), a so-far profitless Hawaii-based software maker, came public with an offering price of 5 and closed its first day of trading at 15.85. Shares traded as high as 26 Wednesday. Even with that boost, its market cap stands at little Scalper1 News

Scalper1 News