SOLD Stock Rises 20 Percent
Sometimes while researching stocks, I come across tickers that are actually words.
TIER - Tier Technologies, FUN - Cedar Fair, PZZA - Papa John’s, WOOF - VCA Antech just to name a few.
This morning I came across SOLD. Pretty interesting. After all, what word could more perfectly describe what’s going on in worldwide stock markets right now?
During this time when everything is being sold, I decided to see what SOLD was all about.
SOLD is the ticker for Housevalues, Inc., a company which provides real estate information over the web. Some of their sites include JustListed.com, HomeValues.com and HomePages.com.
Unfortunately, SOLD appears to be a pretty accurate indication of what’s been going on with this stock for quite some time. Housevalues went public in late 2004 around $15 per share. It peaked around $20 in early 2005 and in 2006 shares began a steep decline to their current range of $2-$3 per share.
In yesterday’s final half-hour of trading, somebody started buying SOLD. Shares opened Friday morning around 20 percent below Thursday’s closing price and closed almost 20 percent higher. Wonder what’s going on…
SOLD will release earnings on October 28th, perhaps there will be good news. As always, I’ll keep you posted :)
Tags: earnings report, homeprices.com, justlisted.com, soldRelated Stories
POSTED IN: Corporate, Earnings, Investment, Market, News, Uncategorized
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