Stock Watch: Commerce One Teams With Shell

Shares of business-to-business e-commerce solutions company Commerce One (Nasdaq: CMRC) climbed more than 11 percent on Thursday, rising 17-5/16 to 173-7/8 after the company announced plans for a joint venture with Shell that will develop an online marketplace for the oil, gas and chemicals industry.

Even though Commerce One stock is trading well below its recent intraday high of 331, it is still one of the highest-flying stocks of the past six months and seems to have a strong leadership position in its market.

Commerce One and General Motors are working together on an online marketplace for the automobile industry, and the company’s other marketplace partners include British Telecommunications.

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