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Stocks in Motion: Cabelas

 

Updated from 12:15 p.m. EDT

Cabelas(CAB Quote) was the market's biggest gainer Friday after the hunting and fishing gear retailer sold 7.8 million shares at $20 apiece in its initial public offering.

The $20 price tag was at the high end of its $19 to $20 range, which had been increased from $15 to $17. Credit Suisse First Boston, J.P. Morgan, Wachovia Securities, Stephens Inc., and William Blair & Co. led the underwriting syndicate. Shares of Cabelas traded up $6, or 30%, to $26. ...

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