POINT
CNinsure Inc. (NASDAQ:CISG) was the top percentage gainer for the session closing higher by 1.06 (17.85%) to $7 as it bounced back from its 52-week low of $5.81. Volume was heavy with more than 780K shares traded, compared to its average volume of 725K shares. The Company distributes a wide variety of property and casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China, and provides insurance claims adjusting as well as other insurance-related services.
Insurance stocks have been in the top NASDAQ gainers over the past few weeks with companies like Harleysville Group Inc. (NASDAQ:HGIC) announcing mergers.
American Superconductor Corporation (NASDAQ:AMSC) moved up 0.36 (12.63%) to close at $3.21. The company reported that it earned 11 cents a share on revenue of $33.8 million, compared to analysts’ estimates of 3 cents a share on revenue of $33.38 million.
The company projects to earn $30-$34 million in revenue for the current quarter.
Infinity Pharmaceuticals Inc (NASDAQ:INFI) closed with a gain of 0.71 (11.20%) to end the day at $7.05, bouncing back from its recent fall of 8% during the past week.
CalAmp Corp. (NASDAQ:CAMP) continued to move higher and ended at $3.21, up 0.36 (12.63%) after rallying about 6% in the previous trading session. The stock has a 52-week range of $2.34-$3.98.
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