June 21, 2018 / 3:28 PM / 2 months ago

BUZZ-Avalara a big winner after Supreme Court sales tax ruling

** Avalara shares leap >30 pct after U.S. Supreme Court ruling gives states broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes

** Top court sides with South Dakota, which was backed by President Trump in the case, in high-profile fight with e-commerce cos

** Avalara, provider of sales tax cloud software, soars as high as $59.39 in just its 5th day of trading

** Co’s stock popped in its debut last week after pricing its IPO at $24/sh

** Meanwhile, Amazon.com, Wayfair, Overstock.com, Etsy, eBay and Shopify take hits on the news

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below