Technology
Omniture Finds Two Friends: More Money & Cramer (OMTR, AQNT)
Published:
Omniture (OMTR-NASDAQ) was up on its own after expanding a securities offering to 8.5 million shares and pricing at $18.15 per share. The company sold the shares through Morgan Stanley and Credit Suisse as joint book-runners, and JMP Securities, Deutsche Bank, and Montgomery & Co. were co-managers.
This stock was actually higher going into the offering, but they got a new friend today: Jim Cramer. It doesn’t even really matter what was said in his video after this because he called it the next aQuantive (AQNT). If that isn’t enough to get a stock going in today’s age then very little else is.
Shares of Omniture (OMTR) are up 6% to $19.25 on 8-times normal volume. Omniture is an online business optimization company whose platforms include SiteCatalyst and DataWarehouse.
Jon C. Ogg
June 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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