Monday's NASDAQ Winners: NLST, LONG, GRRF, PEIX
POINT ROBERTS - November 15, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday November 14th. Nasdaq ended lower by 21.53 (-0.80%) to 2,657.22.
eLong, Inc. (ADR) (NASDAQ:LONG) surged 1.97 (15.76%) to $14.47 after the company reported a profit of 4 cents a share on revenue of $25.8 million, compared to a year ago profit of a penny. The company projects to generate revenue within the range of RMB143 million to RMB155 million in the fourth quarter of 2011.
China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) gained 0.31 (12.11%) to $2.87 on very unusual volume of 276K shares, compared to its average volume of 33K shares. The CEO of the company offered to purchase the remaining stake in the company that he does not already own, a bid that values the wireless service provider at $73.4 million or $3.10 a share.
Pacific Ethanol Inc (NASDAQ:PEIX) also climbed 0.14 (15.95%) to $1.01 after it reported that on November 10, 2011, its director, W. Jones, bought 200,000 shares of the company for a total value of $145,000 at an average value of $0.725 per share.
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