Stocks

Massive Nasdaq movers SVLF, JDSU, CCME

Written by Ifham khan

Shares of Silverleaf Resorts Inc. (NASDAQ: SVLF) saw a huge rally in yesterday’s trading. The small cap stock reached a high of $2.45 in today’s trading, and ended the day 69.93% higher at $2.43, with volume up from daily average of 45,824 to 12.01 million.

nasdaq movers

The small cap stock of Silverleaf soared after the company announced that it will be acquired by SL Robert Holdings Inc., an affiliate of private equity firm Cerberus Capital Management. Under the terms of the agreement, SL Resort Holdings will acquire Silverleaffor $2.50 per share in an all cash deal.

Silverleaf is a Dallas, Texas-based developer, marketers and operator of getaway destination timeshare resorts.

Shares of JDS Uniphase Corporation (NASDAQ: JDSU) rallied in yesterday’s trading. The stock reached a 52-week high of $22.88 in today’s trading, and ended the day 26.92% higher at $22.76, with volume up from daily average of 5.10 million to 39.61 million.

JDS Uniphase shares soared after the company announced its second-quarter financial results. The company reported GAAP revenue of $473.5 million for the second quarter of fiscal 2011, compared with $342.9 million reported for the same period in the previous fiscal year. JDS Uniphase reported GAAP net income of $23.6 million for the second quarter.

JDS Uniphase provides communication test and measurement solutions and optical products. The company is based in Milpitas, California.

Shares of China MediaExpress Holdings Inc. (NASDAQ: CCME) jumped in yesterday’s trading. The stock reached a high of $14.43 in today’s trading and ended the day 25.25% higher at $13.89, with volume up from daily average of 2.83 million to 13.74 million.

China MediaExpress shares plunged earlier this week after two negative research reports. On Thursday, a research report released by Muddy Waters said that the company inflated its revenue and profit. Meanwhile, another research report released earlier in the week disputed some of the claims made by the company.

China MediaExpress is an operator of television advertising network on inter-city express buses in China.

About the author

Ifham khan

Ifham Khan is an experienced Blogger, SEO expert, Graphic Designer and Founder of tech24 and Co-founder of MashinMedia. He has in depth knowledge in Technology, Gadgets and sports. Currently working as a Editor in Tech24 and lead designer in MashinMedia.

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