POINT ROBERTS WA, December 28, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on the top four percentage gainers on the NASDAQ for Tuesday December 27, 2011. NASDAQ closed at 2,625.20, up 6.56 or 0.25%.
Parlux Fragrances, Inc. (NasdaqGS: PARL) closed up at $5.94, up 2.47 (71.18%) on over 1.6 Million shares following Friday's merger news. On the close December 23, Perfumania Holdings, Inc. (Nasdaq:PERF) and Parlux Fragrances, Inc. (Nasdaq:PARL ) announced that they have signed a definitive merger agreement under which Perfumania would acquire all of the outstanding shares of Parlux in a transaction valued at approximately $170 million, based on Perfumania's closing stock price of $19.55 per share on December 22, 2011. Based on that Perfumania stock price and depending on the stockholder elections described below, the merger agreement values a share of Parlux stock at between $7.91 and $8.55, assuming no adjustments under the merger agreement other than such elections.
Gaming stock, Scientific Games Corporation (NASDAQ: SGMS) gave investors a win andfinished up at $9.46, up 1.26(15.37%) on over 1.7 Million shares.
Kandi Technologies, (NASDAQ: KNDI), a Chinese manufacturer and developer of pure electric vehicles (EVs) and all-terrain vehicles (ATVs) gave investors a ride as the stock moved up to close at $4.04, up 0.49(13.80%). The Company announced Friday that Kandi and State Grid jointly demonstrated the Express-Battery Technology at China International Electric Vehicle and Charging Equipment & Storage Technology Exhibition sponsored by the China Electricity Council (CEC) in Haikou City, Hainan Province on December 19th to 21st, 2011.
Life Insurance Company, National Security Group, Inc. (NASDAQ: NSEC) closed up at $8.99, up 0.99(12.37%) on very light volume.
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