NASDAQ Top Percentage Gainers: NEWL, QTWW, CAMP, IDCC
NASDAQ Has Best Week in 2 Years
POINT ROBERTS, July 01, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ (www.NASDAQ.com) for trading July 1, 2011. Leading the pack, Quantum Fuel Systems Technologies jumped 39.19% on volume of 50,667 shares.
U.S. Stocks continued to gain on Friday on strong economic data and close higher for the fifth consecutive sessions with The Nasdaq Composite Index gaining +42.51(1.53%) to 2,816.03 led by energy and technology stocks. It is the strongest weekly gains in the past two years with Nasdaq gaining over 6% during the week.
Trading close on top 4
Quantum Fuel Systems Technologies (NASDAQ:QTWW) was the biggest gainer with the stock gaining 39.19% to $4.83. This morning, the company said that it has a net loss of 2 cents a share on revenue of $8.2 million, topping analyst estimates of $5.6 million.
NewLead Holdings Ltd (NASDAQ:NEWL) was another notable gainer on Nasdaq and soared 38% to $2.65 on official news. The stock has been consolidating around $1.90-$2.20 over the past couple of months and went near to its 52-week low of $1.69 on Jun 16, 2011.
CalAmp Corp. (NASDAQ:CAMP) also rose 21.45% to $3.68 and made a new 52-week high of $3.79 earlier in the session. Late Thursday, the company said that it earned 2 cents a share on revenue of $34.6 million in its first quarter, topping analysts’ estimates of a penny on revenue of $34.3 million.
InterDigital, Inc. (NASDAQ:IDCC) surged 15.02% to $46.87 after the sale of competitor Nortel’s intellectual property assets to Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL).
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