Rocket Fuel sees moderate drop as lockup expires


With shares up sharply from a Sep. '13 IPO price of $29, Rocket Fuel (FUEL -2.1%) is seeing a bit of profit-taking on lockup expiration day.

The online ad/analytics platform provider has already carried out a stock offering in which existing holders were able to unload 3M shares.

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Comments (1)
  • PFflyerkid
    , contributor
    Comments (2) | Send Message
     
    Goldman has yet to initiate coverage- might catch a buy rating here, post-lock-up, and at least 61 target as that was the secondary offering price.
    The other two leaders, Citigroup and Credit Suisse initiated coverage in Oct. '13 @ buy (Citi) and neutral (C. Suisse).
    19 Mar 2014, 01:08 PM Reply Like
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