Stock Watch: AT&T Deal Carries iGo

Shares of iGo (Nasdaq: IGOC), an online retailer that sells accessories for mobile computing devices and cellular phones, gained 1-31/32 to 9-31/32 Tuesday after the company announced a deal with AT&T.

iGo is now one of the first e-commerce/ direct distributors of AT&T’s Digital One Rate wireless service.

Even after Tuesday’s strong gain, shares of iGo are below their October IPO price of $12 and well below their high of 26-1/8. iGo stock has struggled as investors have become more selective about business-to-consumer (B2C) stocks. This stock, however, seems to have a lot of upside. The company also has a deal with IBM, and if nothing else, iGo looks like a cheap wireless play.

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Stock Watch: AT&T Deal Carries iGo

Shares of iGo (Nasdaq: IGOC), an online retailer that sells accessories for mobile computing devices and cellular phones, gained 1-31/32 to 9-31/32 Tuesday after the company announced a deal with AT&T.

iGo is now one of the first e-commerce/ direct distributors of AT&T’s Digital One Rate wireless service.

Even after Tuesday’s strong gain, shares of iGo are below their October IPO price of $12 and well below their high of 26-1/8. iGo stock has struggled as investors have become more selective about business-to-consumer (B2C) stocks. This stock, however, seems to have a lot of upside. The company also has a deal with IBM, and if nothing else, iGo looks like a cheap wireless play.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

Stock Watch: AT&T Deal Carries iGo

Shares of iGo (Nasdaq: IGOC), an online retailer that sells accessories for mobile computing devices and cellular phones, gained 1-31/32 to 9-31/32 Tuesday after the company announced a deal with AT&T.

iGo is now one of the first e-commerce/ direct distributors of AT&T’s Digital One Rate wireless service.

Even after Tuesday’s strong gain, shares of iGo are below their October IPO price of $12 and well below their high of 26-1/8. iGo stock has struggled as investors have become more selective about business-to-consumer (B2C) stocks. This stock, however, seems to have a lot of upside. The company also has a deal with IBM, and if nothing else, iGo looks like a cheap wireless play.

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Please sign in to post or reply to a comment. New users create a free account.