This should be great for ITGR as it gets ITGR on
more internet stock buyers radar screens.
Integrity Up 133%; Surge In Shrs Of Music Peer Didax
Cited
Dow Jones Newswires -- November 30, 1998
NEW YORK -- Integrity Inc.'s (ITGR) shares climbed to
a new 52-week high
Monday on the heels of a
recent runup in Christian music retailing peer Didax
Inc.'s
(AMEN) shares.
An Integrity spokeswoman
said that the flurry of excitement surrounding Didax's
recent
launch of The Music Channel, a Christian music
World Wide Web site, sparked gains in
Integrity's
shares.
Didax's announcement Wednesday sent its shares
457% higher from a close of 3 3/4 on
Tuesday to a
settlement of 20 7/8 on Friday.
"I think that people
are just putting the two companies together," the
spokeswoman
said, adding that Integrity hasn't released any
news that would be affecting the
company's share
price. Integrity produces and publishes Christian
music.
One market-watcher noted that Integrity, which
also sells Christian music over the
Internet, is
one of Didax's biggest industry peers.
Didax
also operates other religious Web sites, sells
advertising and sponsorships, retails
religion-related
products via the Web and provides technology services to
Christian
organizations.
Shares of Chantilly,
Va.-based Didax have recently returned some of the gains it
made
last week, trading at 18, down 2 7/8, or 13.8%,
on volume of 4 million shares,
compared to
average daily volume of 86,700 shares.
Integrity's shares have tacked on 4 1/16, or 135%, recently
trading at 7 1/16 on volume
of 506,600 shares
compared to average daily volume of 6,500. Earlier, the
shares
surged to 12 1/4, eclipsing a previous 52-week
high of 3 3/4 set on April 22.
-By Nicole
Ridgway; 201-938-5174
Copyright November 30, 1998, Dow
Jones Newswires