GSI Commerce soars 25% on analyst upgrade to ‘buy’
GSI Commerce Inc. (Nasdaq:GSIC) has gained 25% today after analysts at Stifel Nicolaus upgraded the stock ahead of the opening to “buy” from “hold.” The research firm said there is potential for long-term growth in the company. GSI Commerce provides services for e-commerce and interactive retailing globally. During the past year, shares have ranged from $9.54 to $29.27; the stock is up more than 21% during the past five trading days. In today’s trading, the King of Prussia, Pa.-based company is at $15.37 at 10:38 a.m. ET, up $3.05 from Wednesday’s close. Trading volume is at more than 100,000 shares above average.
For detailed price information and recent news stories about GSI Commerce Inc., click GSIC.
