Friday, July 16, 2010

RealD Closes Up 22 Percent Despite Market Drop

The stock of Los Angeles-based RealD, the provider of 3D movie projection technology, was up in its first day of trading on Friday, despite a big drop in the overall markets. RealD closed at $19.51, up 22 percent from its open price of $16.00. The firm is trading as RLD on the New York Stock Exchange. RealD's stock traded as high as $21.00, despite a drop of more than two percent in the major indexes Friday. RealD had initially forecast an IPO at between $13.00 and $15.00 per share.