See How Recent IPOs Have Been Faring in the Markets
LinkedIn (NYSE:LNKD) shares have been consistently down since the company’s May IPO, falling off an opening day high of $102.39 down to a low of $60.62 on June 17. However, since then, shares have been rallying, currently trading at $76.74/share after making a 9.72% jump today. Popular: LinkedIn Now has a Price-Earnings Ratio Making Pets.com Blush>>
On the first day of Demand Media Inc.‘s (NYSE:DMD) January IPO, the stock was trading at $22.65 a share, reaching a high of $24.57 on Mar 3. But since early April, the stock has dropped off, down to $13.80 a share after falling 5% today. The stock is down 39.12% since its IPO.
Chinese internet-television company Youku.com (NYSE:YOKU) had its IPO last December. The stock started trading at $33.44 and reached a high of $67.27 in April, but is down to $27.89 today, falling 16.72% off its initial public offering. The stock is down 0.54% today.
SMART Technologies Inc. (NASDAQ:SMT) shares are up 0.75% today, but have fallen off 65.89% since the company’s July 2010 IPO.
Spirit Airlines Inc. (NASDAQ:SAVE) had its initial public offering in the last week of May, and has since seen shares climb 3.29%. Stocks took a hit last Friday but have since rallied to sell at $11.93 a share. Spirit recently announced that they will add daily service to five cities — Boston, Dallas/Fort Worth, Detroit, New York/LaGuardia, and Orlando — from Chicago’s O’Hare International Airport by mid-November. Spirit’s introductory price for flights between O’Hare and Logan International Airport in Boston will be $178 — that’s $30 cheaper than the fare offered by American Airlines (NYSE:AMR), United Airlines (NYSE:UAL), and JetBlue Airways (NASDAQ:JBLU).
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