Tuesday’s after-hours trading
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December 21, 1999: 8:50 p.m. ET
Investors cash in on Internet America, but Juno still going strong
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NEW YORK (CNNfn) - Profit-takers cashed in on Internet America Inc. in after-hours trading Tuesday, after the stock took off on the Nasdaq as Web fever gripped investors.
Internet America (GEEK) shares more than doubled during regular trading as buyers snapped up Internet providers, but the love affair was short-lived with many cashing in after the bell.
The stock was the most active on Island ECN’s after-hours session, falling 4-5/16 to 16-11/16 with 1,210,338 shares traded.
Internet America was also the third most-active stock on MarketXT’s late trading session, falling 2 to 19.
Talk.com Inc. (TALK) led the MarketXT active board, with shares jumping to 24 after the company announced this afternoon it would offer a free Internet domain to customers who signed up for its long-distance service.
Talk.com was second in volume on Island, gaining 6-3/4 to finish at 24-7/16.
Juno Online Services Inc. continued its amazing run, rising 8-3/4 to 75-1/2 on Island and 10-1/4 to 77 on MarketXT. Juno (JWEB) has been an overwhelming favorite with investors after the company announced it would be offering free Internet access to customers.
Shares of 3Com Corp. (COMS) continued to fall on news of the company’s decline in revenue. The stock lost 7-1/8 to 46 on MarketXT and fell 5-3/8 to 47-3/4 on Island.
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Island ECN
MarketXT
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