As the Nasdaq fell more than 63 points, shares of e-commerce software manufacturer Broadvision (Nasdaq: BVSN) rocketed 17-5/8 to 169-7/8 on Wednesday after the company announced a 3-for-1 stock split. The split is expected to occur on or around March 13th.
Broadvision was one of the top-performing stocks of last year, and it could continue to stay hot as investors keep jumping into e-commerce infrastructure plays. Wednesday was also a good day for one of Broadvision’s notable competitors. Shares of Art Technology (Nasdaq: ARTG) climbed more than 16 percent on Wednesday, gaining 16-5/8 to 119-3/8. Investment firm Adams Harkness initiated coverage of Art Technology with an accumulate rating.