Wednesday Morning NASDAQ Top Percentage Gainers; (NLCI), (MOBI), (CVVT), (HMPRD)
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Nobel Learning Communities, Inc (NasdaqGM: NLCI ) trading at $11.50, up 2.86 (33.10%)
POINT ROBERTS, Wash., May 18, 2011 - InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ in morning trading for May 18th. Stocks with big gains this morning include Nobel Learning Communities, Inc (NasdaqGM: NLCI), Sky-mobi Limited (Nasdaq GM: MOBI), China Valves Technology, Inc. (NasdaqGS: CVVT) and Hampton Roads Bankshares Inc (NasdaqGS: HMPRD).
Nobel Learning Communities, Inc. (NASDAQ:NLCI ), a leading operator of private preschools, elementary schools, middle schools and K-12 online distance learning, announced that the Company has reached a definitive agreement to be acquired by Leeds Equity Partners ("Leeds Equity") in a transaction valued at approximately $149 million, including consideration paid to holders of outstanding options and warrants. The Strategic Affairs Committee of the Company's Board of Directors (the "Board"), which is comprised of three independent directors and was advised by independent financial and legal advisors, unanimously recommended the transaction to the full Board. The Board unanimously approved the transaction and has resolved to recommend that the stockholders of Nobel Learning approve the transaction. Additionally, holders of approximately 55% of the outstanding shares of Company common stock, including the Company's Board and executive management team, have entered into agreements with Leeds Equity to vote in favor of the transaction.
Trading Close-Up
Nobel Learning Communities, Inc (NasdaqGM: NLCI ) trading at $11.50, up 2.86 (33.10%) 10:50AM EDT
Sky-mobi Limited (Nasdaq GM: MOBI ) trading at $11.98, up 1.59 (15.30%) 11:00AM EDT
China Valves Technology, Inc. (NasdaqGS: CVVT ) trading at $4.09, up 0.31 (8.20%) 10:59AM EDT
Hampton Roads Bankshares Inc (NasdaqGS: HMPRD ) trading at $15.18, up 0.58 (3.97%) 10:20AM EDT
Market Snapshot
Dow 12,495.96 +16.38 +0.13%
NASDAQ 2,799.04 +15.83 +0.57%
S&P 500 1,335.73 +6.75 +0.51%
10 Yr Bond (%) 3.1510% +0.0300
Oil 99.33 +2.42 +2.50%
Gold 1,483.50 +11.70 +0.79%
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