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Monday, October 24, 2011

Friday's NASDAQ Winners: TBOW, STX, SCSS, SYNA

POINT ROBERTS - October 24, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday October 21st. Nasdaq closed with a gain of +38.84 (+1.49%) at 2637.46.
Trunkbow International Holdings Ltd (NASDAQ:TBOW) was the top percentage gainer for the session closing higher 0.62 (31.00%) to $2.62, bouncing back from its 52-week low of $1.81, made on Oct 13, 2011. The stock has a 52-week range of $1.81-$5.25.
Seagate Technology PLC (NASDAQ:STX) surged 3.36 (27.86%) to $15.42 following the company reported better than estimated fiscal first quarter profit, but missed revenue estimates. The company reported profit of 34 cents a share, topping analysts' estimates by 3 cents a share. Also Thursday, Seagate said it believes it will close on the acquisition of hard disk drive assets from South Korea's Samsung by the end of the 2011.
The stock is up again in Monday's trading session .
Select Comfort Corp. (NASDAQ:SCSS) surged 1.31 (22.05%) to close at $7.25, extending its weekly gain to 32%. Recently, the company announced that it has received a Notice of Allowance from the United States Patent and Trademark Office for Application Serial No. 12/324808 entitled "Stable Compositions of Famotidine and Ibuprofen" with claims that cover DUEXIS(R).
Synaptics, Incorporated (NASDAQ:SYNA) closed with a gain of $5.16 (19.10%) to end the day at $32.18 after the company commented that its smartphone business has been growing at rapid pace and that would accelerate its gross margin going forward. Following this, analyst at Craig-Hallum upgraded the stock to Buy from Hold and upped their price target by $8 to $36. The stock has traded as high as $32.76 in Monday's morning trading.
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