Monday's Investing Ideas: NASDAQ Top Percentage Gainers; (YRCW), (GLUU), (ULTR), (VCLK)
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Visit: YRC Worldwide Inc.
New York, New York - March 18, 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 18th, 2013.
YRC Worldwide Inc., (NASDAQ:YRCW) trading at $8.90 gained $1.38 or 18.35% on a volume of 487,260 shares, making it today's top percentage gainer on the NASDAQ.
YRC Freight, a subsidiary of YRC Worldwide Inc., announced that the company may lay off as many as 491 workers in St. Louis, according to a Worker Adjustment and Retraining Notification act notice filed with the state of Missouri.
The Overland Park-based less-than-truckload carrier's WARN filing, necessitated by a federal law requiring employers to give workers a 60-day advanced notice of plant closings and mass layoffs, said 491 employees will be affected as part of a layoff in St. Louis City County, Mo.
The "layoff or closing date" is listed as May 12, 2013
Glu Mobile Inc., (NASDAQ:GLUU) trading at $3.80 rose $0.46 or 13.77% on a high volume of 13,508,957 shares.
Glu Mobile Inc. shares moved up early today, after Northland Capital Markets analyst Darren Aftahi raised his rating on the mobile-gaming company to "outperform" from "market perform". Aftahi said that based on the games Glu Mobile has released this quarter, the company "has substantially improved its hit rate for new new games," and there is evidence Glu Mobile is seeing better-than-expected sales from games for smartphones. Aftahi also raised his price target on Glu Mobile's shares to $4.50.
One of the games Aftahi refers to was Glu Mobile's new fantasy role-playing game, Heroes of Destiny, which was released last week. Presented in 3D with a captivating and unique art style, Heroes of Destiny leads players on an epic quest to reclaim the Kingdom of Lerona from the grips of the evil Darkness. As the guide of a fantasy band of heroes, players must wisely choose the heroes they send into each battle based on available combat skills and enemy type. In addition to skill upgrades and training, heroes can be made more powerful with a host of new armor and weapon types. With eleven different heroes for hire, players have numerous options in the fight to end the Darkness.
Ultrapetrol (Bahamas) Ltd., (NASDAQ:ULTR) trading at $2.19 gained $0.27 or 14.06% on a volume of 20,086 shares.
Ultrapetrol (Bahamas) Limited, an industrial transportation company serving marine transportation needs in three markets, last week announced financial results for the fourth quarter and full year ended December 31, 2012.
On December 12, 2012, the company announced the closing of the Investment Agreement entered into on November 13, 2012, with Sparrow. Pursuant to such closing, they sold 110,000,000 shares of newly issued common stock to Sparrow at a purchase price of $2.00 per share and received proceeds of $220.0 million from the transaction. The company's recorded full year 2012 revenues were $313.2 million.
The company recently published an earning transcript discussing the recently released financials and the upcoming future of the coming and its financial planning.
ValueClick Inc., (NASDAQ:VCLK) trading at $30.30 moved up $2.55 or 9.19% on a volume of 1,373,603 shares.
Last Thursday ValueClick, Inc. announced that Mr. Scott G. Eagle has joined the Company as chief marketing officer. In the CMO role, Mr. Eagle will lead the Company's global marketing function, including strategy and the integration of marketing programs across ValueClick's business lines. Mr. Eagle will report to John Giuliani, president and chief executive officer of ValueClick.
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