POINT ROBERTS – August 8, 2011 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 05, 2011. In Friday�s session, NuPathe Inc was the top gainer as the stock surged 24.62%.
NuPathe Inc (NASDAQ:PATH) soared 0.96 (24.62%) to $4.86 after announced the entry into a common stock purchase agreement with Aspire Capital Fund, LLC, which provides that subject to certain conditions and limitations, Aspire has committed to purchase up to $30 million of NuPathe common stock over the next 24 months. Aspire made an initial investment of $500,000 by purchasing 70,721 shares of NuPathe common stock at a purchase price of $7.07 per share, representing a 19% premium to the closing market price on August 2, 2011.
Marchex, Inc. (NASDAQ:MCHX) rose 1.68 (21.40%) to $9.53 after the company reported 8 cents a share on revenue of $38.8 million in its second quarter, ahead of analysts’ estimates of 5 cents a share on revenue of $35.32 million.
Blackbaud, Inc. (NASDAQ:BLKB) increased 3.22 (13.67%) to $26.78 after the company reported 27 cents a share on revenue of $93.4 million in its second quarter, ahead of analysts’ estimates of 25 cents a share on revenue of $91.63 million.
Grand Canyon Education Inc (NASDAQ:LOPE) rose 1.87 (13.09%) to $16.16 after the company reported 29 cents a share on revenue of $103.1 million in its second quarter, ahead of analysts’ estimates of 23 cents a share on revenue of $104.92 million.
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