New York, NY – March 29, 2012 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday March 28th. The Nasdaq Composite ended lower by 15.39 (-0.49%) to close at 3,104.96.
Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) was the biggest gainer spiking $8.38 (54.45%) to close at $23.77 after hitting a 52-week high of $24.09. On Wednesday, Bloomberg reported that the company has rejected an unsolicited takeover offer from Bristol-Myers Squibb Co., offered the company $3.5 billion or $22 a share. The report further stated that the company is actively working on finding marketing partner for its products outside the U.S.
Vermillion, Inc. (NASDAQ:VRML) gained 0.39 (22.03%) to end at $2.16. It moved on news that the United States Patent and Trademark Office allowed the company a patent for “Methods for Diagnosing Ovarian Cancer.” This patent further expands the list of biomarkers Vermillion has employed in the diagnosis or status determination of ovarian cancer.
Glu Mobile Inc. (NASDAQ:GLUU) extended its uptrend and rose another 11.63% close at $4.99 after gaining about 15% in the prior three trading sessions. The stock has been moving higher on speculation that the company could be a possible acquisition target. As per analysts at Roth Capital Partners LLC, Zynga, Electronic Arts Inc. or DeNA Co. could be the key candidates and may offer the company as much as $6 a share.
Zoltek Companies, Inc. (NASDAQ:ZOLT) shares climbed 9.91% to $11.20 after an analyst at Needham & Company raised their investment rating on the stock from an “underperform” rating to a “hold”.
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