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Wednesday, May 2, 2012

Tuesday's NASDAQ Top Gainers: CEBK, PLXT, NUVA, CAR

New York, NY - May 2, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday, May 01. The Nasdaq Composite rose 4.08 (0.13%) to close at 3,050.44.
Central Bancorp, Inc. (NASDAQ:CEBK) soared $12.60 (69.81%) to close at $30.65 after the company agreed to be acquired by Independent Bank Corp. for $54.8 million in cash. Independent Bank has agreed to exchange its shares for 60% of Central Bancorp's shares, and the balance is payable in cash at $32 per share.
PLX Technology, Inc. (NASDAQ:PLXT) shares increased by $2.68 (67.34%) to close at $6.66 after Integrated Device Technology, Inc. agreed to buy the company for approximately $330 million or $7 per share in cash. In the acquisition, PLX stockholders will receive $3.50 in cash and 0.525 shares of IDT common stock for each PLX common share outstanding.
NuVasive, Inc. (NASDAQ:NUVA) added $3.82 (23.05%) to end at $20.39 after the company said that it earned $673 thousand, or $0.02 per share on revenue of $151.7 million in its first quarter, compared to a year ago revenue of $124.5 million . The company projects to earn 93 cents a share on an adjusted basis on revenue of $615 million, shy of analyst' estimates of 94 cents a share on revenue of $616 million.
Avis Budget Group Inc. (NASDAQ:CAR) climbed $2.51 (19.07%) to close at $15.67 as the company projected a better-than-estimated full-year profit. The company now estimates to earn $2.35 to $2.65 a share, on revenue of $7.3 billion to $7.6 billion, well above analysts' estimates of $1.59 on revenue of $7.42 billion. For the first quarter, the company estimated revenue of $1.6 billion, compared with the $1.59 billion projection from Wall Street.
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