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Thursday, April 12, 2012

Wednesday's NASDAQ Winners: NEWL, YRCW, TZOO, PWAV

New York, NY - April 12, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday April 11th. The Nasdaq Composite recovered 25.24 (0.84%) to close at 3,016.46.
NewLead Holdings Ltd. (NASDAQ:NEWL) continued to move up and added 78.80% to close at $4.47. The stock has soared over 228% in the past one week and made a new 52-week high of $5.23 in the previous trading session. Recently, the company announced further progress in the restructuring process with the redelivery of four dry bulk vessels, the" Australia", the " Brazil", the " China" and the"Grand Rodosi", to their respective owners, which are affiliates ofLemissoler Maritime Company W.L.L.
YRC Worldwide, Inc. (NASDAQ:YRCW) shares climbed 33.19% and closed at $6.14, bouncing back from a 40% fall in the past one week. On April 5, 2012, the company said that the company has received multiple bids for more than 60 facilities put up for sale via a sealed-bid auction and is analyzing those offers. No final decisions have been made on the properties.
Travelzoo Inc. (NASDAQ:TZOO) shares increased 28.49% and closed at $27.06 in yesterday's session after on reports that the company is planning to sell itself. Reuters reported that possible buyers could be Google, Amazon or travel website Odigeo. The company is also planning to hire a financial adviser. In the last one year, the shares of the company has plummeted 70%. Travelzoo is a global Internet media company. In January, the company posted its fourth-quarter earnings which soared 70% owing to double-digit subscriber and revenue growth.
Powerwave Technologies, Inc. (NASDAQ:PWAV) shares jumped 22.16% and closed at $2.26. The stock has outperformed wider markets with double digit monthly gains. Although the company was involved in an investor lawsuit that had a negative impact on the stock price in the past, the situation seems to have reversed in the last month or so, owing to expectations that the company will be able to sail through this rough environment.
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