New York, NY - April 17, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday April 16th. The Nasdaq Composite fell 22.93 (-0.76%) to close at 2,988.40.
Endocyte, Inc. (NASDAQ:ECYT) shares soared $3.82 (100.53%) to end at $7.62
following news that Merck (NYSE: MRK) and Endocyte entered into an agreement to develop and commercialize Endocyte's novel investigational therapeutic candidate vintafolide (EC145). The stock is continuing its gains this morning in Tuesday’s trading.
Hauppauge Digital, Inc. (NASDAQ:HAUP) shares gained 0.37 (37.37%) to close at $1.36 without any official news. Hauppauge Digital Inc. is a developer of analog and digital television tuner and other products for the personal computer market. Through Hauppauge Computer Works, Inc., Hauppauge Digital Europe Sarl and PCTV Systems Sarl subsidiaries, the Company designs, develops, manufactures and markets analog.
Seven Arts Pictures PLC(NASDAQ:SAPX) shares gained 0.025 (20.83%)to close at $0.145 after the company said that it had terminated negotiations for a $3,000,000 convertible debenture, the proceeds of which were to have been used for reacquisition of approximately twelve of the Company's motion pictures controlled by an existing lender.
USA Technologies, Inc. (NASDAQ:USAT) shares rose 0.25 (18.25%) to end at $1.62 as the company projects to earn $300,000 on revenue of $7.5 million in its fiscal third-quarter, compared to a year ago loss of $940,170 on revenue of $5.5 million.
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