Vipshop Holdings Ltd (VIPS): Today's Featured Internet Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Vipshop Holdings (VIPS) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.1%. By the end of trading, Vipshop Holdings rose $9.37 (6.2%) to $159.29 on average volume. Throughout the day, 1,052,720 shares of Vipshop Holdings exchanged hands as compared to its average daily volume of 1,396,300 shares. The stock ranged in a price between $145.70-$160.00 after having opened the day at $147.51 as compared to the previous trading day's close of $149.92. Other companies within the Internet industry that increased today were: LookSmart (LOOK), up 10.7%, MeetMe (MEET), up 8.8%, Tucows (TCX), up 5.4% and Internap Network Services (INAP), up 4.3%.
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