Stock Picks Update - IMAX Shocker
Published by admin September 10th, 2006 in investing, stocks. Tags: currently trading, investing, microvision, movies, stock, stock market, stocks, web, Yahoo.Here’s a quick update on our Stock Picks of the Week:
CNET Networks (CNET)
Recommended on June 2 at a share price of $8.91. The stock closed at $9.15 Friday, up 3%.
24/7 Real Media (TFSM)
Recommended on June 13 at a share price of $7.19. The stock closed Friday at $8.87, up 23%. We also reiterated our “buy” when TFSM dipped to $6.88 due to an overall Internet sector selloff on July 27. The stock is up 29% since that time.
IMAX Corporation (IMAX)
Recommended on June 20 at a share price of $8.31. After climbing as high as $10.80 just weeks after our recommendation, the stock tumbled when IMAX disclosed an informal SEC inquiry into the company’s timing of revenue recognition for new theaters. The shares closed Friday at $4.76, down 43%.
Yahoo Inc (YHOO)
Recommended on July 19 at $26.41. The stock closed Friday at $28.14, up 7%.
Microvision, Inc (MVIS)
Recommended on June 30 at a share price of $1.93. The stock closed Friday at $1.58, down 18%.
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