Wednesday's after-hours trading
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December 29, 1999: 9:04 p.m. ET
Qualcomm keeps rising in late sessions, boosted by PaineWebber target
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NEW YORK (CNNfn) - Shares of Qualcomm Inc. continued their phenomenal rise after hours, jumping a further 7 percent after rising 29 percent on the Nasdaq Wednesday.
Qualcomm (QCOM) was high on the actives list of both Island ECN and MarketXT. Qualcomm stock took off after PaineWebber predicted the stock would double in the next twelve months.
The stock finished up 42 to 701 on Island and up 50 to 709 on MarketXT, where it was the most-traded issue.
Egghead.com Inc. was also highly traded on MarketXT. The stock did well on the Nasdaq after it released a statement that it had made Media Metrix’s list of the Top 10 e-commerce sites.
Shares of Egghead.com (EGGS) rose 1/8 to 16 in the after-hours session.
On Island, CityView Energy Corporation Ltd. was the most actively traded stock with 613,998 shares changing hands.
CitiView Energy(CVCL) rose 1/4 to 23/32.
Direct marketing company Quintel (QTEL) enjoyed a nice run after hours, jumping 2-5/8 to finish at 9-1/8.
Quintel develops and operates Internet direct-marketing companies.
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Island ECN
MarketXT
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