FireEye (FEYE) Stock Rises Despite Share Lockup Expiration

NEW YORK (TheStreet) -- FireEye  (FEYE) rose Wednesday despite the expiration of the network security company's share lockup.

More than 82 million FireEye shares could be traded for the first time on Wednesday without restrictions put in place after the company's secondary stock offering in March. The company offered 14 million shares in the offering, which triggered the 75-day lockup. The stock rose Tuesday ahead of the lockup and continued to climb Wednesday.

FireEye filed its IPO in September and offered 15.2 million shares.

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The stock was up 3.56% to $31.40 at 12:33 p.m.

FEYE Chart

FEYE data by YCharts

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