Thursday’s NASDAQ Top Gainers: CMRG, PURE, DARA, HOTT

Casual Male Retail Group (NASDAQ:CMRG) Moves Up over 16% in Down Market

POINT ROBERTS, Aug. 19, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 18, 2011.
Casual Male Retail Group was the top mover in Thursday’s session as the stock gained around 16.50% in spite of the NASDAQ being down over 5%.

Casual Male Retail Group, Inc. (NASDAQ:CMRG) jumped 0.57 (16.52%) to $4.02 after the company said net income for the quarter was $6.6 million, compared with $5.6 million for the second quarter of 2010. Total Sales were $100 million, compared with sales of $97.3 million for the same period last year.

The retailer also upped its guidance for fiscal 2011, forecasting a sales increase of up to 4.5 percent and a gross profit margin of between 46.9 percent and 47.3 percent, compared with the previously reported range of 46.6 percent to 47.1 percent.

PURE Bioscience (NASDAQ:PURE) rose 0.130 (15.85%) to $0.95. The company is sponsoring and exhibiting at the North American Meat Processors Association E. coli Prevention Conference being held this week in Chicago where Charles Deibel of Deibel Laboratories presented preliminary data on use of SDC in beef processing.

DARA Biosciences Inc (NASDAQ:DARA) increased 0.19 (8.33%) to $2.47 as The FDA has granted Fast Track designation for the Company’s investigational drug KRN5500 for the treatment of chemotherapy-induced neuropathic pain in patients with cancer.

Hot Topic, Inc. (NASDAQ:HOTT) moved up 0.44 (6.33%) to $7.49 after the company reported an adjusted quarterly loss of 8 cents per share after the markets closed Wednesday.

The company expects to earn between 17 and 23 cents per share for the year, above the average estimate of 17 cents per share, according to FactSet.

Market Snapshot

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