Wednesday’s Top Gainers on NASDAQ: PLAB, CLWR, SAPX, MKTX


POINT ROBERTS, Aug. 18, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 17, 2011.
Photronics was the biggest gainer in Wednesday’s session moving up almost 29%.

Photronics, Inc. (NASDAQ:PLAB) soared 1.62 (28.83%) to $7.24 after the company forecast fourth-quarter adjusted earnings of 14-18 cents per share, on revenue of $125-$130 million.

Analysts, on average, were expecting fourth-quarter earnings of 18 cents per share, excluding items, on revenue of $130.5 million

Clearwire Corporation (NASDAQ:CLWR) rose 0.50 (27.32%) to $2.33. According to a regulatory filing, Chairman John Stanton purchased 2.76 million shares of the Company.

Seven Arts Pictures PLC (NASDAQ:SAPX) increased 0.120 (15.40%) to $0.90 as The Company has finalized plans for the US release of “The Pool Boys”. Cinedigm Entertainment Group will release the film theatrically on around 75 to 100 screens in the top fifty markets on September 30, 2011.

MarketAxess Holdings Inc. (NASDAQ:MKTX) surged over 3.40 (14.14%) to $27.45. The US firm, which has a market capitalisation of around $915 million, could fetch $1.5 billion, says the WSJ, citing people familiar with the matter.

Founded in 2000 by JP Morgan, Chase Manhattan and Bear Sterns, MarketAxess gained more backers before completing an initial public offering in 2004.

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