Shares of e-commerce software and solutions company Ariba (Nasdaq: ARBA) gained nearly eight percent, gaining 11-9/16 to 162-7/8 on Monday after National Semiconductor announced that it will use Ariba’s products. Monday’s gain isn’t at all surprising for anybody who’s been paying attention to Ariba stock.
This is a stock that often moves in swings of 10 or 20 points, and it’s one of those hot stocks that seems to keep getting hotter. Remember, Ariba is a young stock that went public in July at $23. A lot of institutions seem to love the stock, and the entire e-commerce infrastructure sector in general, which means Ariba could climb even higher.