JOBS continued its move higher on Monday, trading up almost 10% on heavy volume (1.3 million shares traded versus normal daily average of just under 200k shares traded.) This was a follow-through move, initiated by the company’s strong Q1 earnings report that was released on Thursday afternoon. The strong earnings report seems to have attracted quite a bit of new buying interest, and I would expect JOBS to trade quite a bit higher over the next week, as new money continues to pour into the stock. JOBS set a new 52 week high on Monday, hitting a high of $30.19 before pulling back and closing at $29.79. As of Monday’s close, JOBS had a market cap of just over $817 million dollars.
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