FireEye Coverage Initiated With Hold; Lockup Expires
Pacific Crest initiated coverage of security software maker FireEye (FEYE) with a hold rating, as the hot IPO’s lockup period expired, enabling insiders to sell shares. The post-IPO lockup expiration affects about 10% of company shares. FireEye stock was down 2.8% in midday trading in the stock market today, near 70. FireEye stock touched an all-time high of 97.35 on March 5. It started trading last September at 20. The company’s software security