AFTER THE BELL - Internet stocks active
Reuters Story - July 06, 1998 18:20
NEW YORK, July 6 (Reuters) - Internet search engine
companies Yahoo! Inc. , Infoseek Corp. and
Excite Inc. were among the few stocks active in after
hours trading Monday, although they moved only slightly after
the close.
Excite was slightly up, trading at 107-3/8 after closing at
107-1/16.
Yahoo!, whose stock surged Monday on expectations the
company would follow other Internet businesses and split its
stock, was the biggest gaining stock on Nasdaq.
Yahoo finished the session up 26-3/8 to 199-1/4, where it
was continuing to trade on Instinet after the close.
Infoseek was trading at 37-1/2 after closing at 37-15/32.
The activity in the internet search engine stocks followed
a trend in which the stocks have been very active in general
over the past ten days, traders said.
The New York Stock Exchange said session one volume was
1,027,600 versus 677,700 shares on Thursday, and session two
volume was 494,503 shares compared with 127,400 on Thursday.
((--New York Newsdesk (212) 859-1700))
tomorrow looks like another active day for internet stocks. YHOO to give earnings wednesday. should be another interesting week. |
