Tuesday’s NASDAQ Top Gainers: MSHL, RLRN, COOL, NLST


POINT ROBERTS, Aug. 17, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 16, 2011.

Marshall Edwards, Inc. (NASDAQ:MSHL) was the biggest gainer on Nasdaq and soared 0.53 (38.41%) to $1.91 after the Company said that FDA has approved the Investigational New Drug application for ME-143. ME-143 is the Company’s lead NADH oxidase inhibitor.

Renaissance Learning, Inc. (NASDAQ:RLRN) rose 2.74 (23.16%) to $14.57 and made a new 52-week high of $14.85 after Permira Funds agreed to acquire all of the outstanding shares of Renaissance Learning for $14.85 per share in cash or approximately $440 million.

Majesco Entertainment Co. (NASDAQ:COOL) increased 0.28 (13.79%) to $2.31 as it revealed that Zumba® Fitness 2, sequel to the best-selling dance fitness video game, features tracks from chart-topping artists Pitbull, Interscope Records artist Nicole Scherzinger and Yolanda Be Cool & DCup.

Netlist Inc (NASDAQ:NLST) gained over 0.18 (11.54%) to $1.72 after the Company reported second quarter net loss of $1.5 million or $0.06 loss per share compared to $4.0 million or $0.16 loss per share in the prior year quarter. Revenues rose 72% to $16.0 million.

Market Snapshot

Dow 11,405.93 -76.97 (-0.67%)
Nasdaq 2523. -31.7 (-1.24%)
S&P 500 1192.7 -11.73 (-0.97%)
10Y Yield 2.323 +0.0991 (+4.46%)
Oil 87.44 +0.79 +0.91%
Gold 1,792.6 +10.20 +0.57%

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