ClickAction, Inc. rose 1 3/8 to 12 1/8 Monday after Barron’s reportedly quoted Will Edwards, founder and manager of Palo Alto Investors, as saying his fund recently bought company shares.
Edwards reportedly likened the company to BroadVision(Nasdaq: BVSN), which has seen its shares rise steadily over the past year.
ClickAction reported record revenue for the first quarter, though it lost 20 cents a share, compared with earnings of a penny in the year-earlier quarter. Company shares have traded below 5 and as high as 35 1/2 over the past year.
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