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Tuesday, May 15, 2012

Monday's NASDAQ Winners: GOLF, CSBC, XNPT, SYNC

New York, NY - May 15, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday, May 14. The Nasdaq Composite fell 31.24 (-1.06%) to close at 2,902.58.
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) gained 28.24% after it . announced that they have signed a definitive merger agreement, pursuant to which Golf Town will acquire Golfsmith, for $6.10 per share in cash. This represents a premium of 32.2% to Golfsmith stockholders based on the volume-weighted average closing prices of the Company Common Stock on the 30 trading days immediately preceding this announcement.
Citizens South Banking Corp. (NASDAQ:CSBC) added 24.40% to close at $6.22 after they agreed to be acquired by Park Sterling Corp. for approximately $77.8 million in cash and stock.
Under the terms of the agreement, Citizens South shareholders can receive either $7.00 in cash or 1.4799 Park Sterling shares for each of their Citizens South shares, as long as 30% of the acquisition will be paid for in cash and 70% will be paid for in stock.
XenoPort, Inc. (NASDAQ:XNPT) rose 13.82% to close at $5.93. The 52 week trading range for the company is $3.46 - $8.07. Earlier this month, the company had posted first quarter revenues of $10.4 million, as compared to $0.4 million for the same period in 2011. Net loss for the first quarter was $9.1 million, as compared to a net loss of $17.2 million for the same period in 2011.
Synacor Inc. (NASDAQ:SYNC) climbed 14.07% after analysts at Needham & Company raised their price target on shares of Synacor from $8.00 to $13.00 in a research report issued to clients and investors on Thursday. The firm currently has a "buy" rating on the stock.
Recently, the company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The company's quarterly revenue was up 63.6% on a year-over-year basis. Analysts expect the company to post $0.03 EPS next quarter.
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