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Posts tagged NASDAQ

#IPO of the Week – Autohome Inc – $ATHM

There were 11 IPOs that went out this past week.┬áHere’s a look at some of the IPOs that went up this week.

Company Name Symbol Market Price Date Priced
CHENIERE ENERGY PARTNERS LP HOLDINGS, LLC CQH American Stock Exchange $20 12/13/2013
NIMBLE STORAGE INC NMBL New York Stock Exchange $21 12/13/2013
FIDELITY & GUARANTY LIFE FGL New York Stock Exchange $17 12/13/2013
HILTON WORLDWIDE HOLDINGS INC. HLT New York Stock Exchange $20 12/12/2013
KINDRED BIOSCIENCES, INC. KIN Nasdaq SmallCap Market $7 12/12/2013
SCORPIO BULKERS INC. SALT New York Stock Exchange $9.75 12/12/2013
TETRALOGIC PHARMACEUTICALS CORP TLOG Nasdaq National Market $7 12/12/2013
CATCHMARK TIMBER TRUST, INC. CTT New York Stock Exchange $13.50 12/12/2013
ARAMARK HOLDINGS CORP ARMK New York Stock Exchange $20 12/12/2013
AUTOHOME INC. ATHM New York Stock Exchange $17 12/11/2013
VALERO ENERGY PARTNERS LP VLP New York Stock Exchange $23 12/11/2013

(Data courtesy of Nasdaq.com)

The best performing IPO from IPO price to first day close was Autohome Inc (ATHM) who was up 76.88% by the close of that day, with an intraday high of $31.44. Autohome is a leading online destination for automobile consumers in China. They run two websites, autohome.com.cn and che168.com, where they deliver comprehensive independent and interactive content to automobile buyers and owners.

Those of you unfamiliar with an IPO, it stands for “Initial Public Offering”. This is the first point in time when the public is able to purchase an equity stake in the company. There are also secondary offerings, which are utilized when an already public company is looking to raise some cash to be used.

Weekly Review

This past week, December 9th through December 13th, didn’t go as well as expected. We saw a record high at Monday’s close with the S&P at 1808.37. However, after that we saw a slight pullback through the rest of the week.┬áThis was due to the market worrying about what the Fed is doing. With some people thinking that the government bond buying will start to be tuned lower, there is hesitance that the market will still hold these tops if that happens.

The DOW and the S&P dropped 1.64% on the week, as well as the NASDAQ falling 1.51%. The weekly jobless claims were slightly skewed due to reporting errors for the two weeks previous.

Some highlights of last week; Facebook set to join the S&P 500, GE announces dividend increase, Federal Government passed a budget bill. Big market movers; Twitter up 31.26% on the week, Adobe was up 9.51%, and Atlantic Power Corporation was up 8.15%

HSD – Facebook Inc $FB

The Hot Stock of the day yesterday was Facebook Inc (FB). Even on a down day Facebook was able to shine, up 4.96% yesterday.

Facebook has been doing quite well after bottoming this year. Their IPO was probably one of the biggest sources of debate last year. They were valued quite high with their IPO price and after their debut, they tanked. A combination of NASDAQ issues with the IPO itself, arguments that the underwriters were benefiting way to much from the IPO, and general market uncertainty as to whether Mark Zuckerberg could deliver on his promise of where the company was headed, and how they were going to make money.

They have generally settled at this current level, and have seen support at the 45 dollar range. If you are skeptical wait for a pullback, but otherwise keep on trucking. If Facebook’s earnings grow as expected, then they still have room to run.

Facebook Inc

Disclaimer: I currently hold the above mentioned investment. I may look to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.