Posted by: Market Watch in Market Information 25 minutes in the past Shares of Telos Corp. soared out of the gate Thursday, because the saf
Shares of Telos Corp. soared out of the gate Thursday, because the safety software program firm’s inventory traded as a lot as 30.6% above the place its preliminary public providing priced, earlier than paring beneficial properties in noon buying and selling. The inventory’s first commerce at $21.90 at 11:14 a.m. for 1.Zero million share, which was 28.8% above the $17 IPO worth. The inventory then rose to an intraday excessive of $22.20, earlier than pulling again to be up 16.9% in latest buying and selling. The intraday low was $19.50. The inventory’s first-day rally comes because the Renaissance IPO ETF climbed 2.0% and the S&P 500 slipped 0.1%.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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