Top Closers with Big News « H E » MN1 Exclusive :: email posted Monday, 13 August 2007 MN1 Staff WriterPublic companies love to release positive news and watch the reflection in their stock prices. The following companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.
Shares of Credence Systems (Nasdaq: CMOS) rose 24 cents, nearly 11 percent, to a closing price of $2.51 Monday afternoon. Today the provider of automatic test equipment for the global semiconductor industry announced a new vice president of global field operations and marketing groups. In a statement, the company said the new appointee will lead the company toward its goal of reaching key markets such as Japan and Taiwan.
Tix Corp. (OTCBB: TIXC) shares closed at $7.85 at the market’s close today, an increase of 86 cents, or 12 percent. Tix engages in the sale of discounted tickets for Las Vegas shows, offers tee-time bookings to about 30 Las Vegas golf courses, and operates Tix4Dinners which offers 50 percent off entrées at Las Vegas restaurants/buffets. The company announced today it has acquired Exhibit Merchandising for $11.4 million, including $3.4 million for inventory.
Top Tankers (Nasdaq: TOPT) shares climbed $1.26, or 25 percent in afternoon trading, settling at $6.25. Top Tankers transports seaborne crude oil, petroleum products and bulk commodities, announced today it has acquired three drybulk panamax vessels for $222 million. The vessels bring the company’s fleet count to six vessels. In a statement the company said the purchase will add to its 2008 earnings.
Shares of CT Holdings Enterprises (OTCBB: CTHE) soared $1.05, or 233 percent, to a closing price of $1.50 Monday afternoon. The company announced it has signed a merger agreement with Xcorporeal, a medical device company that has developed innovative technology that may perform functions of various human organs.
Advantage Technologies (AMEX: AEY) shares shot up $1.08, or 22 percent, to $5.96 by the market’s close. Today the company announced its highest level of revenue and profitability in its history. Second-quarter revenue increased 33 percent to $17.6 million, as compared to $17.6 million the year before; net income was reported at $2 million, as compared to $1.1 million the same period of 2006.
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