A number of big blue wave stock indexes have soared this year, as the market has seen a rise in the number of companies trading on their own and as demand for credit has soared.
The latest blue wave indexes to reach new heights include BlueWave, a company that helps companies manage their data and analytics and helps companies grow.
BlueWave says its growth has seen it gain market share in sectors such as finance, retail, IT, health care and logistics.
The company said it had increased its workforce from 200 to 400 people, while its average revenue per share rose to $10.90, from $6.60 a year ago.
Its shares are up more than 35 per cent in 2017 to $6,100.
In the last four years, BlueWave’s stock has risen by more than 40 per cent, from a low of $1.25 in 2014 to more than $1,200 now.
BlueWave is owned by a group of global investment banks, including Goldman Sachs, Morgan Stanley and UBS.
Blue Wave’s stock is traded on the Australian Stock Exchange.
It has a market capitalisation of $11 billion.
BlueWave said it was not aware of any of the people who had bought shares in the company.
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