Stock Watch: B2B Site Launch Boosts the Cobalt Group

Shares of the Cobalt Group closed up 13-5/8 to 24-1/8 on Thursday, a gain of 130 percent. Even after this week’s market sell off, business-to-business remains a favored sector among investors and analysts. On Thursday, Robertson Stephens reiterated its buy rating and $50 price target for the Cobalt Group.

Thursday’s gain was an impressive turnaround for a stock that went public at $11 a share in August and traded as low as 5-1/2 before rebounding.

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