Stock Watch: ePlus Stock Nearly Doubles

Supply chain management company ePlus, Inc. (NASDAQ: PLUS) saw its stock jump $17.75 on Tuesday to close at $40 on volume of about two million shares. The company, which went public in December 1996, has seen its shares trade in the $8 to $15 range from 1996 until late November 1999. In the last month, the stock jumped into the low 20s and then almost doubled on Tuesday.

The Herndon, Virgina-based ePlus, Inc. is the parent company of five operating companies that provide e-business supply chain management services for procurement, leasing and asset management.

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