Vernon Davis stock hits $12 in debut

Updated: April 28, 2014, 8:31 PM ET
ESPN.com news services

At least a few investors believe 49ers tight end Vernon Davis will have a lucrative career.

An unusual stock tied to Davis' earning potential gained $2 to close at $12 in its trading debut Monday. Only 496 shares had traded as of Monday afternoon.

Fantex Brokerage Services said last week it would offer 421,000 shares of the tight end at a price of $10 a share. Those who wanted to buy shares were required to place a reservation and fund their accounts before Monday's ...

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