Shopping.com (NASDAQ: SHOP) is up 8% today on nearly double its average daily volume. The only news out of the company is a SEC filing announcing that the CTO sold 904 shares of stock, leaving his holdings at 526,457 shares.
In general, it’s been a strong day for internet stocks.
SHOP dropped after releasing earnings late last month, at which time many analysts were concerned about rising online marketing costs. Since then, however, the company launched its mortgate comparison section, presented at the Piper Jaffray 7th Annual Technology Conference (click on the link to listen to the webcast), and had an interview with TheStreet.com touting its international expansion. Other positive notes of interest include: 1) total cash per share sitting near $5 and 2) the upcoming launch of its hotel comparison section.
