Wednesday's NASDAQ Top Gainers: PNBC, TSPT, AMCN, OPTT
POINT ROBERTS - November 24, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday November 23rd. NASDAQ closed with a sharp loss of 61.20 (-2.43%) to 2,460.08.
Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) surged 0.73 (11.04%) to finish at $7.34, after the company said that U.S. Food and Drug Administration (FDA) has approved Intermezzo (zolpidem tartrate sublingual tablet) C-IV for use as needed for the treatment of insomnia when a middle-of-the-night awakening is followed by difficulty returning to sleep.
AirMedia Group Inc. (ADR) (NASDAQ:AMCN) increased by 0.28 (10.41%) to end at $2.97 after the advertisement business in China continues to be a strong growth story. Chinese advertisers spent approximately $33 billion on advertising last year, and that number is expected to nearly double by 2014.
Ocean Power Technologies, Inc. (NASDAQ:OPTT) jumped 0.28 (10.04%) to close at $3.07, rebounding from its recent low. The stock has a 52-week range of $2.33-$6.80. The company has market capitalization of $31.91 million.
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