Stock Watch: CareerBuilder Reaches A Million in July

The stock of targeted job recruiting site CareerBuilder (Nasdaq: CBDR) saw a nice spike on Wednesday, climbing 1-21/32 to 9-1/32, a gain of more than 22 percent. CareerBuilder was boosted by the news that it reached 1 million unique users in July, according to Media Metrix. In addition, CareerBuilder announced that it gives employers direct access to the third-largest number of job seekers on the Web.

The company says traffic to its site grew 133 percent from March to July, the largest increase registered by any online career site. CareerBuilder offers its services on its own Web site, as well as on sites including MSN, NBC Interactive, USA Today, CNET, Business Week, Ticketmaster-Citysearch, Hispanic Online and Microsoft Black Entertainment.

It’s been a struggle for CareerBuilder stock so far this year. The company went public at $13 in May. The stock climbed as high as $20 before pulling back significantly. At the stock’s current levels, it looks like there still could be some upside.

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