Stock Watch: Onsale Teams Up With Intuit

Shares of online retailer Onsale (Nasdaq: ONSL) climbed 16.5 percent on Wednesday, gaining 2-9/16 to 18-1/16 after the company announced that it has partnered with financial software company Intuit (Nasdaq: INTU) to deliver live auction feeds to Intuit’s site. Intuit stock also had a strong day, gaining 4-3/4 to 82-3/4.

Onsale has been one of the hardest-hit stocks in the hard-hit Internet sector recently, and it is still currently trading at less than 1/5 of its all-time high. It could be due for a rebound, although it’s anybody guess whether Onsale will ever approach its former heights.

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