Shares of BIDZ.com, Inc. (BIDZ) have been climbing steadily through Monday morning trading following the company's announcement that it has recently purchased a large lot of finished jewelry in the bankruptcy auction of LID Ltd. It will be auctioning off the jewelry soon.
The stock is currently at $13.34 up $1.09 from Friday.
The advance has built on some recent gains to reach its highest level since November.
The lot was purchased below cost for $24 million.
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