Citigroup's Rescue Breathes a Sigh of Relief for Austin Businesses

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Tuesday, November 25 2008

Citigroup's Rescue Breathes a Sigh of Relief for Austin Businesses

Austin Business Journal highlighted the rise in stock prices of Austin businesses After Monday's announcement of the $20 Billion bail out for Citigroup. In our very own backyard the following companies saw a jump in numbers:

American Campus Communities Inc. (NYSE: ACC) up 12 percent to $18.60.

Dell Inc. (Nasdaq: DELL) up 6 percent to $9.85.

Forestar Real Estate Group Inc. (NYSE: FOR) up 17 percent to $4.25.

HealthTronics Inc. (Nasdaq: HTRN) up 12 percent to $1.15.

Pervasive Software Inc. (Nasdaq: PVSW) up 7 percent to $3.80.

Valence Technology Inc. (Nasdaq: VLNC) up 14 percent to $1.74.

Whole Foods Market Inc. (Nasdaq: WFMI) up 15 percent to $9.42.

This trend was shared with others on the market. The Dow gained an average of 300 points after the announcement!

Posted by: Joa Realty AT 07:52 pm | Permalink | 0 Comments | Email

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