Shares of RealNetworks (RNWK), which operates the
Rhapsody online music service and provides the RealPlayer media player, scored
a FusionIQ breakout after it said it intends to spin off its casual gaming
business into a separate company and distribute the shares to RealNetworks stockholders.
RealNetworks said it may hold an initial public offering and sale of some of
the unit's stock before spinning it off.
Additionally on Thursday, RealNetworks reported
first-quarter revenue above analysts' estimates and predicted second-quarter
revenue above analysts' estimates. Though it only has a 58 FusionIQ score the
point and figure target of $ 12.00 does offer good potential for those who may
want to be early. Given the high volume gap and price surge we would suggest
buying a pullback.
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