Diamonds and Dogs
4/8/14Vipshop Holdings Limited (VIPS)
Vipshop Holding is looking good today, up 10.84% to $142.29. The online Chinese retailer saw its shares climb nearly $14.00 today after Credit Suisse upgraded Vipshop from neutral to outperform. The firm also increased its price target from $145 to $178. Shares of Vipshop were able to climb over $145.00 intraday, but are still well off of their 52-week high of $182.00.
Voxeljet AG (VJET)
Voxeljet is trading in the red today, down 13.55% to $21.05. The 3D printing company saw its shares tumble after the company announced a secondary stock offering. Voxeljet management said that they plan to sell an additional 4 million ADR shares in order to raise $70 million; 3 million shares will be sold by Voxeljet and the remaining 1 million will be sold by selling shareholders. Shares of the company were able to hold up above their 52-week high of $19.30.
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