El Pollo Loco Up 50% During IPO; Dow Falls 120 Points
The S&P 500 retreated from its record breaking day yesterday and ended the day down 9 points. The Dow Jones fell over 120 points and Nasdaq also ended the day in the red. El Pollo Loco (LOCO) debuted its IPO today with its shares rising 50% during its first day. The company set its initial price at $15 a share. After being up nearly 25,000% over the past couple of weeks, Cynk Technologies shares have fell 80%. Today was Cynk Technologies first day of trading after a suspension by the SEC two weeks ago.
Word on the Street
Published on Jul 25, 2014By InvestorGuide Staff