ClickAction.com (Nasdaq: CLAC) rose 12 to 63 in early trading Thursday after the Internet marketing company announced that it will split its stock 2 for 1, increasing the number of outstanding common shares to about 11.2 million from 5.6 million. The split will be in the form of a stock dividend to shareholders of record April 5th.
ClickAction shares have been on the rise all year. The company recently linked with BroadVisionInc. (Nasdaq: BVSN) to provide e-mail marketing services in an agreement that included BroadVision taking an equity stake of undisclosed size in ClickAction.