La Quinta priced its IPO below the planned range but the stock recovered after its initial trading, after PE firm Blackstone held on to its shares of La Quinta, showing support.
Steve Cohen of Wall Street Trading equates HFT to paying for premium seats at a Broadway show, but he does wish there was equal access to the prices traders pay for stocks
The busy IPO calendar has helped the mood for stocks, even as the high frequency trading cloud continues to darken the skies. GrubHub is up about 40% on its first day of trading.
Online advertising company Rubicon priced its shares at $15, the low end of its planned range. The stock then took off to trade over $20 for a 30% increase.