Tags: CyberArk | Software | Stock Debut | Share price

Cyber-Ark Is Nasdaq's Biggest Gainer in Trading Debut

Wednesday, 24 September 2014 03:46 PM

Cyber-Ark Software Ltd. was the Nasdaq's biggest gainer on Wednesday, with the stock soaring on massive volume in its trading debut.

The stock opened at $25, well above its initial public offering price of $16, and added to those gains in afternoon trading. It closed 87 percent higher by gaining $13.93 to end at $29.93, making the Israel-based cybersecurity software company one of the Nasdaq's most active names.

Cyber-Ark's strong debut follows Alibaba Group Holding Ltd.'s from last week. That IPO ranks as the world's biggest, and shares rose 38 percent in their trading debut on Friday.

 

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Cyber-Ark Software Ltd. was the Nasdaq's biggest gainer on Wednesday, with the stock soaring on massive volume in its trading debut.
CyberArk, Software, Stock Debut, Share price
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2014-46-24
Wednesday, 24 September 2014 03:46 PM
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