5 Stocks Posting Big Jumps Last Week

by: Alex Shadunsky

With the stock market rising nearly 6% last week, there were numerous stocks posting big gains. Here are a few of the notable gainers.

Alanco Technologies (NASDAQ:ALAN) rose 76% after it announced that it executed a definitive agreement to merge with YuuZoo (yuuzoo.com), a global provider of mobile targeted social networks, targeted advertising & mobile payment systems. Since its founding in 2007, YuuZoo has grown rapidly and profitably, reporting preliminary, unaudited sales and net income of $17.0 million and $1.0 million, respectively, for FY10, compared to sales of $2.0 million and a loss in 2009. Sales for the current fiscal year 2011 are projected to exceed $30 million, with continued profitability growth. Under terms of the definitive merger agreement, Alanco will issue approximately 34 million common shares to YuuZoo shareholders in exchange for 100% of outstanding YuuZoo equity interests, resulting in Alanco shares outstanding totaling approximately 39 million.

Icagen (NASDAQ:ICGN) rallied 148% after Pfizer (NYSE:PFE) said that as part of Pfizer's ongoing evaluation of the possible extension or other modification of the existing collaboration agreement between the parties, it is evaluating the possibility of entering into a strategic transaction with Icagen. This strategic transaction could have the effect of influencing or changing the control of Icagen by means of a stock or asset acquisition or merger. Icagen acknowledged that it is currently engaged in preliminary discussions with Pfizer regarding a potential strategic transaction.

Youku.com (NYSE:YOKU) closed 31% higher after it officially launched its Youku Premium paid content platform after signing a digital distribution agreement with CAV Warner Home Entertainment, Warner Bros Home Entertainment Group's joint venture in China. Under the terms of the three-year agreement, Youku will add a total of 400 to 450 Warner Bros new releases and catalog titles to its Youku Premium content library. Youku Premium launched in beta in October 2010. Since then, the service has processed 200,000 paid transactions for its library of more than 300 movies and 3,880 educational programs.

Continucare (NYSE:CNU) rose over 30% after Metropolitan Health Networks (MDF) and the company announced jointly that they have entered into a definitive merger agreement, whereby Metropolitan will acquire Continucare in a cash and stock transaction valued at approximately $416 million at the time of announcement. The transaction will create a company that provides care to over 68,000 Medicare Advantage and Medicaid customers. The combined company will own 31 primary care medical practices, utilize a network of more than 250 contracted, independent, primary care practices, and will operate in 18 Florida counties, including the Daytona, Miami, Ft. Lauderdale, West Palm Beach, and Tampa metropolitan areas.

Quantum Fuel Systems Technologies Worldwide (NASDAQ:QTWW) jumped 39% after reporting strong Q4 results. Revenues increased 242% from $2.4 million in 4Q10 to $8.2 million in 4Q11. The increase in revenue is primarily due to increased development program revenue and product shipments to Fisker Automotive of components related to its Q-Drive hybrid drive systems. Quantum reported a loss of $0.02 per share compared to a lot of $0.74 a year ago. The improvement in net loss was primarily due to the lower operating loss and a $5.0 million non-cash unrealized gain attributable to the change in the value of its derivative liabilities that was recognized in the fourth quarter of fiscal 2011.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.