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Wednesday, November 30, 2011

Tuesday's NASDAQ Winners: MAGS, CEDC, SLXP, SPMD

POINT ROBERTS, November 30 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday November 29th. NASDAQ fell 11.83 (-0.47%) to end at 2,515.51.
Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) was the biggest percentage winner and soared 1.78 (67.17%) to $4.43 after the company said that revenues for the third quarter of 2011 increased 107% to a record $27.7 million, as compared with $13.4 million in the third quarter of 2010. The company reported net income of $7.1 million, as compared with a net loss of $799,000 in the third quarter of 2010.
Central European Distribution Corp (NASDAQ:CEDC) shares gained 0.99 (29.12%) to $4.39 on heavy volume of 7.57 million shares, compared to its average volume of 2.91 million shares after Russian Standard Vodka purchased a 9.9% stake in its Polish rival, according to a regulatory filing late Monday.
Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) increased by 4.63 (12.64%) to $41.27. Salix Pharmaceuticals, Ltd. is a pharmaceutical company engaged in acquiring, developing and commercializing prescription drugs used in the treatment of a variety of gastrointestinal disorders, which are those affecting the digestive tract.
SuperMedia Inc (NASDAQ:SPMD) shares jumped 0.22 (11.70%) to $2.10, recovering from its sharp fall of over 22% during the past week. SuperMedia Inc. (SuperMedia), formerly Idearc Inc., is a yellow pages directory publisher in the United States. SuperMedia also offer online advertising solutions.
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