Wednesday's NASDAQ Top Percentage Gainers: CEDC, MU, TSRA, RJET
POINT ROBERTS - November 17, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday November 16th. NASDAQ ended lower by 46.59 (-1.73%) to 2639.61.
Micron Technology, Inc. (NASDAQ:MU) gained 1.28 (23.44%) to $6.74 after A California Superior Court jury announced its decision in favor of the company related to a price-fixing case filed by the chip design company Ramous (NASDAQ:RMBS) against the company and Hynix Semiconductor. Shares of Rambus got crushed, plunging 60.59% to $7.11, posting a new multiyear low at $4.00.
Tessera Technologies, Inc. (NASDAQ:TSRA) gained 2.95 (20.39%) to $17.42 on very unusual volume of 4.07 million shares, compared to its average volume of 419K shares. Samsung Electronics Co., Ltd. exercised the renewal option in its Jan. 1, 2005 license agreement with Tessera, Inc. to extend the term of that license to May 17, 2017.
Republic Airways Holdings Inc. (NASDAQ:RJET) also climbed 0.54 (13.17%) to $4.64 after the company announced that it has signed an OnPointSM Fuel & Carbon Solutions agreement with GE Aviation. Under this agreement, GE’s Fuel & Carbon Solutions team will use decision software and fuel consulting and work with Republic Airways to identify and track operational improvements that could reduce the airline’s fuel spend by an average of 3%.
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