Wednesday`s Double- Digit NASDAQ Stock Performers (SWWC, NOVL, AMCF, MDVN, VISN)
NASDAQ Stock Performers of Wednesday.
(EMAILWIRE.COM, March 04, 2010 ) Dallas, Tx - SouthWest Water Company (NASDAQ:SWWC) increased 46.82% to $10.38 on 12.58 million shares after the company announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership).
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Novell, Inc. (NASDAQ:NOVL) went up 28% to $6.08 on 141.33 million shares after Elliott Associates, L.P., a institutional stockholder of Novell, Inc., announced that it has offered to purchase the entire Company for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion.
Andatee China Marine Fuel Services Corporation (NASDAQ:AMCF) advanced 19.90% to $7.11 on 2.49 million shares after the company today announced financial results for the fourth quarter and fiscal year ended December 31, 2009. For the fourth quarter 2009, total revenues were approximately $39 million, up 173% from $14.3 million in the fourth quarter of 2008. Gross profit for the fourth quarter of 2009 was $3.9 million, compared to $(1.1) million during the same comparable period.
Medivation, Inc. (NASDAQ:MDVN) lost 67.45% to $13.10 on 45.05 million shares after the company announced results from two Phase 3 trials of the investigational drug dimebon (latrepirdine) in patients with Alzheimer's disease (AD). In the CONNECTION trial, dimebon did not meet its co-primary or secondary efficacy endpoints compared to placebo.
VisionChina Media Inc (NASDAQ:VISN) fell 37.93% to $5.09 on 13.93 million shares after the company reported net income of $5.63 million in the final quarter of 2009, down 21.6% quarter-on-quarter, bringing quarterly earnings per share to $0.08. Total revenues in the quarter increased 3.4% from the prior quarter to $31.83 million.
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Novell, Inc. (NASDAQ:NOVL) went up 28% to $6.08 on 141.33 million shares after Elliott Associates, L.P., a institutional stockholder of Novell, Inc., announced that it has offered to purchase the entire Company for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion.
Andatee China Marine Fuel Services Corporation (NASDAQ:AMCF) advanced 19.90% to $7.11 on 2.49 million shares after the company today announced financial results for the fourth quarter and fiscal year ended December 31, 2009. For the fourth quarter 2009, total revenues were approximately $39 million, up 173% from $14.3 million in the fourth quarter of 2008. Gross profit for the fourth quarter of 2009 was $3.9 million, compared to $(1.1) million during the same comparable period.
Medivation, Inc. (NASDAQ:MDVN) lost 67.45% to $13.10 on 45.05 million shares after the company announced results from two Phase 3 trials of the investigational drug dimebon (latrepirdine) in patients with Alzheimer's disease (AD). In the CONNECTION trial, dimebon did not meet its co-primary or secondary efficacy endpoints compared to placebo.
VisionChina Media Inc (NASDAQ:VISN) fell 37.93% to $5.09 on 13.93 million shares after the company reported net income of $5.63 million in the final quarter of 2009, down 21.6% quarter-on-quarter, bringing quarterly earnings per share to $0.08. Total revenues in the quarter increased 3.4% from the prior quarter to $31.83 million.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We provide alerts on hot stocks, NASDAQ stocks , most active stocks and much more. You can become leader in stock market by keeping track of the daily activity.
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