It was a multimillion-dollar day for Boone Pickens. Well, for his son.
Thomas Boone Pickens III, the billionaire oilman's youngest of four children, is the CEO of a company called Astrotech, a publicly traded holding company for several tech businesses. He's also the biggest investor, with a 20 percent stake.
Astrotech's shares jumped 61 percent Wednesday, to $2.36, after one of its subsidiaries, 1st Detect, disclosed a contract with the Department of Homeland Security. It was the best performer in the Nasdaq composite index, according to FactSet.