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LifeLock Shares Slip After IPO
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Description
FBN’s Nicole Petallides breaks down the stocks moving the markets.
- Duration 0:58
- Date Oct 3, 2012
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Transcript
This transcript is automatically generated
Stock exchange the -- Plus this IPO's a new company tried that helps protect you from identity theft has -- -- that's right it's fast and fraud protection life flock is the name of the company the IPO is today.
The price that -- of the IPO price.
Nine dollars that was below the range and it opened up to the downside so you do see it down over 3% here it's coming off the lows of the lowest point was 836 that they have spent.
And then you know we say what's the name the company I think everybody knows the name of the company they have spent so much money on marketing in order to keep their subscribers and grow their subscriber base -- -- I've got a number that just came -- we thought it would move the markets.
But it's not a particularly big movement in the number it's an indicator of the service sector of the economy.
The reading was fifty fine and that is up from a 53 reading the month -- law.
No impact on the market to dole will look down ten when the number came in went down eight as of now so this is -- -- impact.
