POINT ROBERTS – July 22, 2011 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for July 21, 2011. Marina Biotech, Inc. was the top gainer on the exchange with the stock closing higher by about 30% on Thursday.
Marina Biotech, Inc. (NASDAQ:MRNA) was the biggest gaineron NASDAQ and soared 0.061 (29.76%) to $0.266. Earlier this week, the company announced that R. John Fletcher was elected to the Company’s Board of Directors effective July 14, 2011, replacing Board member Chiang Li, Ph.D., M.D., who announced his retirement from the Marina Biotech board prior to the 2011 annual meeting of shareholders.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) also rose 4.37 (15.06%) to $33.38 and made a new 52-week high of $34.57 following the company reported revenue of $63.3 million in the first quarter of 2011, up 15.1% from $55.1 million in the first quarter of 2011, and up 58.5% from $40 million in the corresponding quarter of 2010. The company earned $2.1 million or 6 cents a share.
Datalink Corporation (NASDAQ:DTLK) climbed 1.02 (12.90%) to $8.93 and made the new 52-week high of $9.73 folloiwng the company posted better-than-expected quarterly results and forecast a strong third quarter driven by the addition of new customers and strong demand for data storage.
The company said that it earned 19 cents a share on revenue of $82.5 million.
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) surged 0.24 (9.68%) to $2.72. The company will report its financial results for the second quarter ended June 30, 2011, after the close of stock market trading on Wednesday, August 3rd.
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