Stock Watch: Ariba, Ariba!

Shares of business-to-business e-commerce solutions provider Ariba (Nasdaq: ARBA) rocketed nearly 20 percent on Wednesday, climbing 17-7/8 to 107-7/8, after Hambrecht & Quist initiated coverage of the stock with a buy rating.

It’s been a big week for Ariba, which is starting to look like a force to be reckoned with in its market. On Monday, Ariba announced that Federal Express has deployed Ariba’s technology to 6,500 users in less than three months. On Tuesday, Impresse Corp., a leading business-to-business e-commerce solutions provider for the printing and publishing industries, announced that it has teamed up with Ariba.

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