Has anyone noticed that Macromedia’s stock has been trading at a 52 week high and has gone up 40% in the past few weeks(1-year chart)? This is really good news for Macromedia and in turn for us (especially if you happen to own a few shares yourself). The announcement of new products must be driving this but I really wonder what else could be having such a big impact. Their stock price went up 10% alone yesterday. This makes me wonder do stock analysts actually care about a world-wide Macromedia Usergroup event?
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Technical discussion of Flex, Flash, and RIA development
I believe that Credit Suisse upgraded them to ‘outperform’ yesterday. And no, i usually dont follow stocks, but was intrigued by the sudden jump in thier stock also, and did a little research. Dont ask me what it means, but I know that a jump in thier stock price is good
They are up another dollar today so far! I hope they keep it up
I studies Business in College and took a few finance courses so I tend to try to use that education for something. It’s good to see flashers interested in the market, and thanks for the info on Credit Suisse. I just noticed that it’s price point has been upgraded to $28 a share from $26 yesterday.
Yep, I’ve noticed
I’ve got some.
But I’m wondering why this is going on now, with the Eolas patent issue pending. Maybe it is because of the Eolas patent…some commentators think so. Anyway the analysts are getting on the bandwagon so it might be time to sell…there were no analysts to be seen when MM was at trading at $8 last year. That’s analysts for you.