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CNBC Stock Blog
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Online ad company ValueClick is burning bright with call activity Tuesday, as a new report shows that Internet advertising grew 10.6 percent to $23.4 billion last year.
Shares of VCLK [VCLK
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The average trading volume of VCLK is less than 600 contracts, but more than 4,000 change hands in the first hour of the day in the April 10 calls alone. The buying began at $0.15 and now the market for the VCLK April 10 calls is $0.25-$0.30, while the VCLK May 10 calls trade $0.55-$0.60 with volume at more than 3,400 contracts.
ValueClick, which provides online advertising for agencies and customers, rests in the sweet spot of growth. The stock has been performing well in the last few weeks but may have hit a level of resistance just under $9.
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Web Ads: Players in the Arena
Google [GOOG
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Digital River [DRIV
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Yahoo [YHOO
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IAC/InterActiveCorp [IACI
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
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Data is a real-time snapshot *Data is delayed at least 15 minutes