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Investor Ideas Snapshot for - NASDAQ Top Percentage Gainers; (CALI), (CSII), (MERU), (SNFCA)
Category: Investment
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Visit: China Auto Logistics Inc.
New York, New York - March 11, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for March 11th, 2013.
China Auto Logistics Inc., (NASDAQ:CALI) trading at $3.99 gained $1.23 or 44.54% on a volume of 547,738 shares, making it today's top percentage gainer on the NASDAQ.
China Auto Logistics being one of China's top sellers of imported luxury vehicles, and also manages China's largest imported auto mall in Tianjin, additionally operates one of the leading automobile portals in China, as well as three major websites serving China's auto dealers and their customers. With an upcoming Q4 report, China stocks are expected to have another large boost, similar to the monstrous rally from $1.57 to $7.48 last November, representing a 375% surge in just two days. China Auto reported a 78.3% increase in revenues year over year, and sold 130% more luxury autos than Q3 2011.
Cardiovascular Systems Inc., (NASDAQ:CSII) trading at $18.48 moved up $1.98 or 12.00% on a volume of 293,218 shares.
Cardiovascular Systems, Inc. presented pivotal 30-day data from its ORBIT II study of severely calcified coronary lesions at the 2013 American College of Cardiology conference in San Francisco. The Featured Clinical Research session presentation by Dr. Jeffrey Chambers of Metropolitan Heart and Vascular Institute, Minneapolis, demonstrated that CSI's technology produced clinical outcomes that exceeded the trial's two primary endpoints by a significant margin--within one of the most challenging patient populations to treat.
ORBIT II is evaluating the safety and effectiveness of the company's orbital atherectomy technology in treating a problematic subset of patients with severely calcified coronary lesions and is the first Investigational Device Exemption study in history to seek approval for treating these lesions. According to estimates, moderate to severe arterial calcium is present in nearly 40 percent of patients undergoing a percutaneous coronary intervention. CSI completed ORBIT II enrollment of 443 patients at 49 U.S. medical centers in November 2012.
The ORBIT II trial met its primary endpoints treating one of the most challenging patient populations where 100 percent of patients had severe coronary calcification--a patient subset never before studied, and after 30 days, patient outcomes exceeded the study's primary safety and efficacy endpoint targets by a significant margin with 30-day freedom from MACE rate of 89.8 percent and procedural success of 89.1 percent.
Meru Networks Inc., (NASDAQ:MERU) trading at $5.05 rose by $0.52 or 11.50% on a volume of 636,659 shares.
Last week Meru Networks, Inc., announced the Meru 'Uninterrupted Care Network'™, a new solution that enables hospitals to offer wireless support for a range of "Life-Critical," "Mission-Critical" and "Consumer-Critical" devices and applications utilizing a single wireless network. UCN assists hospitals' efforts to improve patient safety, clinician productivity, and patient satisfaction, while also helping hospitals meet requirements associated with Meaningful Use and address the stress placed on networks and IT departments by BYOD. UCN can be deployed as an overlay to existing wireless and wired networks and is designed to lower the costs and complexity of supporting "Life-critical" devices and applications such as Wi-Fi-enabled telemetry.
Security National Financial Corp., (NASDAQ:SNFCA) trading at $8.36 gained $0.94 or 12.67% on a volume of 422,003 shares.
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