WMG Stock Surged Another 6.24% As NASDAQ Opened Thursday

Warner Music Group [NASDAQ: WMG] stock surged another 6.24% right after the opening bell in Thurday, trading as high as $32 and up $1.88 on its second day of trading. WMG stock had closed up 20.48% from its $25 IPO price on Wednesday, its first trading day. That single day added more than $2.5 billion to WMG’s valuation which now tops $15 billion. The first trade for WMG stock was at $27.00 at 11:52 a.m. ET for 7.1 million shares. By the closing bell, the stock was at $30.12 USD up %5.12 or 20.48%. The broader NASDAQ Composite Index was up just 0.78% . on Wednesday. WMG was the biggest IPO of the year so far and had been priced within an expected trading range of $23 to $26. More: Details Of Today’s WMG IPO