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Tuesday, April 24, 2012

Monday's NASDAQ Winners: RDEA, SGOC, CEDC, AMLN

New York, NY - April 24, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday, April 23rd. The Nasdaq Composite lost 30.00 (-1.00%) to close at 2,970.45.
Ardea Biosciences, Inc. (NASDAQ:RDEA) shares climbed $10.78 (51.73%) to close at $31.62 after AstraZeneca PLC agreed to buy the company for approximately $1.26 billion or $32 per share, representing a 54% premium on the closing price on April 20, 2012.
SGOCO Group Ltd. (NASDAQ:SGOC) continued to move higher and added 0.56 (23.63%) to $2.93 without any major news. The stock has been showing solid uptrend since early April and has gained over 270% since then. SGOCO Group, Ltd, formerly SGOCO Technology, Ltd., is a branded liquid crystal display solution distributor and designer in the People’s Republic of China.
Central European Distribution Corp (NASDAQ:CEDC) shares moved up 0.60 (14.12%) to close at $4.85 on the news that Central European Distribution Corp has reached an agreement to form an alliance with major shareholder Russian Standard Corp that, which would help the company to meet its near-term financial obligations.
Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) shares rose 3.14 (13.70%) to close at $26.06 on reports from Bloomberg that the company has been looking for a buyer after rejecting an unsolicited bid from Bristol-Myers Squibb Co.
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