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New coverage boosts RealNetworks

Shares of RealNetworks Inc. (Nasdaq: RNWK) shot up 6 5/16, or 7 percent, to 100 Monday after CIBC World Markets started coverage of the maker of Internet streaming software with a "buy" recommendation and a 12-month price target of $120 a share.

RealNetworks shares were trading at just 11 1/16 last September before soaring to an all-time high of 131 7/8 in April.

Last quarter, RealNetworks posted a loss of $270,000 on sales of $28 million.

First Call consensus expects it to earn 4 cents a share in its third quarter and 8 cents a share in the fiscal year.

Thirteen of the 14 analysts following the stock rate it either a "buy" or "strong buy.">