Top Stocks among Technology Stocks – IO, PWER, ELRN
Today`s Top Technology Stocks were Geophysical Corporation, Power-One, Elron Electronic Industries .
(EMAILWIRE.COM, October 27, 2009 ) Dallas, TX - ION Geophysical Corporation (NYSE:IO) was one of the gainers of today`s trade and rallied 25.42% or $0.90 to close at $4.44 on over 16.67 million shares after the company announced that they have signed a term sheet to create a joint venture that will provide land seismic products worldwide. The joint venture will align the Company's innovative land equipment business with BGP's own expertise and experience in land seismic operations to create a new enterprise with the resources, technology and experience required to provide state-of-the-art products and services on a global basis.
Power-One, Inc. (NASDAQ:PWER) was one of the most active gainers in trade today as it rallied over 8.93% to end the day`s trade at $3.05 on a massive volume of 2.77 million shares after the company named on Friday Kambiz Hooshmand to its board of directors to replace Jon E M Jacoby, with effect from 20 October 2009. The stock made an intraday high and also created a new 52-week high at $3.32 and an intraday low of $2.75 respectively. So far the stock prices jumped over 165% in last six months of trade. Power-One, Inc. (Power-One) is a designer and manufacturer of power conversion and power management products, primarily for the communications and server/storage infrastructure equipment, industrial applications, high-end consumer and industrial appliances, and renewable energy markets.
Elron Electronic Industries Ltd.(USA) (NASDAQ:ELRN) jumped 14.97% or $0.91 to end the day`s trade at $6.99 on over 236K shares after the company announced today announced that a non-binding indication of interest of a third party regarding a potential acquisition of Medingo Ltd., an Elron subsidiary, has been received. The Indication relates to an acquisition of Medingo's entire share capital for a cash consideration ranging from $150 million to $170 million and a contingent additional cash consideration conditional upon one or more to be mutually agreed, which may bring total consideration up to between $185 million and $213 million.
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Power-One, Inc. (NASDAQ:PWER) was one of the most active gainers in trade today as it rallied over 8.93% to end the day`s trade at $3.05 on a massive volume of 2.77 million shares after the company named on Friday Kambiz Hooshmand to its board of directors to replace Jon E M Jacoby, with effect from 20 October 2009. The stock made an intraday high and also created a new 52-week high at $3.32 and an intraday low of $2.75 respectively. So far the stock prices jumped over 165% in last six months of trade. Power-One, Inc. (Power-One) is a designer and manufacturer of power conversion and power management products, primarily for the communications and server/storage infrastructure equipment, industrial applications, high-end consumer and industrial appliances, and renewable energy markets.
Elron Electronic Industries Ltd.(USA) (NASDAQ:ELRN) jumped 14.97% or $0.91 to end the day`s trade at $6.99 on over 236K shares after the company announced today announced that a non-binding indication of interest of a third party regarding a potential acquisition of Medingo Ltd., an Elron subsidiary, has been received. The Indication relates to an acquisition of Medingo's entire share capital for a cash consideration ranging from $150 million to $170 million and a contingent additional cash consideration conditional upon one or more to be mutually agreed, which may bring total consideration up to between $185 million and $213 million.
ABOUT PennyStockPickAlert.com
Penny Stock Pick Alerts by PennyStockPickAlert.com. We are a leading stock web site that provides free stock alerts on top stocks that are poised to make big gains. We also tracks small cap penny stocks that could be on the brink of a massive breakout.
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