Jive Software Jumps on Heavy Volume Despite End of Lock-Up
Share of Jive Software (NASDAQ:JIVE) are leading the unusual volume gainers on Nasdaq on Monday as the company's IPO lock-up ends today. Instead of selling, however, it appears as if traders are buying the name, which went public last December. At last check, JIVE had added 4% to $16.93. More than 1.3 million JIVE shares have already traded hands compared to a 3-month daily average of 651,000.
Jive Software, Inc. (Jive) provides a social business software platform. The Company's platform can be provided as a public cloud service or as a private cloud solution. The Company's comprehensive Jive Engage Platform enables and improves collaboration across two principal communities: employees within the enterprise and customers and partners outside the enterprise.
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