Tuesday's NASDAQ Top Gainers: TSPT, KONA, CMLS, TRMS

POINT ROBERTS - September 21, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday September 20th.

Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) was the top percentage gainer for the session closing higher by $1.38 (24.51%) to $7.01 on no news. The stock has jumped 157% in the past one week after it said that the company is planning to resubmit its new drug application for its Intermezzo insomnia treatment to the U.S. Food and Drug Administration
American grill and sushi bar company, Kona Grill, Inc. (NASDAQ:KONA) surged $1.20 (22.81%) to close at 6.46 following the company said that it no expects to earn 5-6 cents a share on revenue of $24.1-$24.2 million, compared to its previous guidance of 1-3 cents a share on revenue of $22.7-$23.7 million.
Cumulus Media Inc. (NASDAQ:CMLS) closed with an impressive gain of 0.48 (19.20%) to end the day at $2.98 extending its previous session rally of 7.50%. The stock is still down over 31% so far this year. With the completion of the Citadel acquisition, Cumulus Media is the largest pure-play radio broadcaster in the United States, and owns or operates more than 570 radio stations in 120 markets and a nationwide radio network serving over 4000 stations.
Trimeris, Inc. (NASDAQ:TRMS) ended at $2.32, up 0.37 (18.97%) on no news. So far this , the stock is down about 4%. It has a 52-week range of $1.66-$2.96. Yesterday, more than 1.17 million shares exchanged hands – 58X its average volume. Trimeris, pioneered the development of a class of antiviral drug treatments called fusion inhibitors. The Company's only marketed product is FUZEON, an anti-HIV fusion inhibitor which was developed by the Company in collaboration with Roche.
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