Wednesday's Midday Movers
By Aaron L. Task Senior Writer
Amazon.com and AOL are soaring, as mentioned above, but they aren't the only Internet names in the stratosphere this morning. Additionally, eBay was up 22 13/16, or 11.8%, to 217, Yahoo! (YHOO:Nasdaq) was higher by 9 1/4, or 4.7%, to 207 1/8, and Books-A-Million (BAMM:Nasdaq) was up 9, or 90%, to 19 1/16. Books-A-Million is up (in part) on news it is going to acquire NetCentral, a Nashville, Tenn.-based Internet service company that recently designed Books-A-Million's web site.
Additionally, First Priority Group (FPGP:Nasdaq) was up 1 3/8, or 78.6%, to 3 1/8 after agreeing to combine with privately held American Information to create an online car club for consumers.
Meanwhile, K-tel (KTEL:Nasdaq) was up 2 5/16, or 18.8%, to 14 5/8 after setting plans to sell up to $20 million in new shares in order to meet Nasdaq Stock Market listing requirements. Additionally, the company said it expects to post a second-quarter loss of $1 million.