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What's Behind the Movement of Textura Corp (NYSE:TXTR)?

 
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Las Vegas, NV -- (SBWIRE) -- 06/10/2013 -- Textura Corp (NYSE:TXTR) shares jumped as high as 68% in its first day of trading according to recent report by Investor's Business Daily. The reason is supposed to be investors avoiding Internet stocks and focusing on software makers. Textura Corp's IPO was priced at $15 per share and raised about $75 million from the initial sale. Shares jumped to 25.18 in morning trading on the stock market before dipping slightly to 21.60 in early afternoon trade.

But according to the Wall Street Journal on 7th June 2013, a few eyebrows were raised for like Textura Corp, in a tricky market for tech IPOs, could a software company with revenues just under $22 million, that didn’t have Silicon Valley buzz, initially aiming for a market cap under $500 million, really have a shot at breaking through?

Textura Corp, a Deerfield, Ill-based company makes web-hosted (a.k.a. “cloud”) software for contractors and construction firms.

To find out what ChartPoppers projects for Textura Corp for both short term and long term please click here: TXTR

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