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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