POINT ROBERTS, Aug. 17, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 16, 2011.
Marshall Edwards, Inc. MSHL was the biggest gainer on Nasdaq and soared 0.53 (38.41%) to $1.91 after the Company said that FDA has approved the Investigational New Drug application for ME-143. ME-143 is the Company's lead NADH oxidase inhibitor.
Renaissance Learning, Inc. RLRN rose 2.74 (23.16%) to $14.57 and made a new 52-week high of $14.85 after Permira Funds agreed to acquire all of the outstanding shares of Renaissance Learning for $14.85 per share in cash or approximately $440 million.
Majesco Entertainment Co. COOL increased 0.28 (13.79%) to $2.31 as it revealed that Zumba® Fitness 2, sequel to the best-selling dance fitness video game, features tracks from chart-topping artists Pitbull, Interscope Records artist Nicole Scherzinger and Yolanda Be Cool & DCup.
Netlist Inc NLST gained over 0.18 (11.54%) to $1.72 after the Company reported second quarter net loss of $1.5 million or $0.06 loss per share compared to $4.0 million or $0.16 loss per share in the prior year quarter. Revenues rose 72% to $16.0 million.
Market Snapshot
Dow 11,405.93 -76.97 (-0.67%)
Nasdaq 2523. -31.7 (-1.24%)
S&P 500 1192.7 -11.73 (-0.97%)
10Y Yield 2.323 +0.0991 (+4.46%)
Oil 87.44 +0.79 +0.91%
Gold 1,792.6 +10.20 +0.57%
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