POINT ROBERTS - August 2, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday, Aug. 01, 2011. PAETEC Holding Corp was the top gainer, climbing 20.60%.
PAETEC Holding Corp. (Public, NASDAQ:PAET) soared 0.91 (20.59%) to $5.33 and made a new 52-week high of $5.39. Telephone company Windstream Corp plans to buy Paetec Holding Corp for about $891 million in stock to expand its broadband business and cut costs.
Paetec stockholders will get 0.460 Windstream share, or the equivalent of about $5.62 as of Friday's close.
Sify Technologies Limited (Public, NASDAQ:SIFY) climbed 0.58 (11.84%) to $5.48 after it announced today that the Company has executed an agreement with Blood Group Alliance, Inc. (BGA), a cooperative of community blood centers, to provide blood collection services to support Opexa’s clinical studies, including a planned Phase III study of Tovaxin in patients with Relapsing-Remitting MS.
Dynavax Technologies Corporation (Public, NASDAQ:DVAX) gained 0.25 (8.93%) to $3.05. Last week, the company disclosed the U.S. Food and Drug Administration agreed with the biopharmaceutical company's clinical findings related to a vaccine for adult hepatitis B.
Limelight Networks, Inc. (Public, NASDAQ:LLNW) increased 0.35 (8.50%) to $4.47 on acquisition rumors. The company is scheduled to report its second quarter earnings on Thursday, August 4, 2011.
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