Market Features
Acorn International Gives Up Gains
Stock quotes in this article:ATV
NEW YORK (TheStreet) -- Acorn International(ATV), Chinese direct-to-consumer retailer, lost a bit of the massive gains Friday that it had acquired the previous day.
On Thursday, Acorn -- which sells products on television, much like a Chinese version of QVC or Home Shopping Network, as well as through catalogs and other outlets -- received a massive 31% boost to end the day at $5.34. Shares in the company had jumped after coverage was initiated on the company by Roth Capital with a buy rating, allowing it to top New York Stock Exchange's list of biggest advancers on Thursday. But the company is currently off 3.5% Friday morning to $5.15. Acorn sells about 700 products, including cell phones, health and wellness products, household and beauty and stock tracking software. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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