Presidential Life Corp (PLFE) surged 36.69%, or $3.72, to end at $13.86, leading the top performing stocks after the company announced it had agreed to be acquired by Athene Annuity & Life Assurance Co. for $415 million in cash. Volume was 4.05 million shares, much higher than the daily average of 45,397 shares. PLFE stock price is currently standing above the 50-day moving average of $9.7 and the 200-day moving average of $10.29. Presidential Life has a market value of 410.14 million.
IsoRay, Inc. (ISR) sent a gain of 32.43%, or $0.36, to finish at $1.47, ranking as the silver medal winner in the contest of top stocks. Volume was 3.26 million shares, much higher than the daily moving average of 567,350 shares. The company recently announced a forward step in international adoption of its ground-breaking GliaSite® radiation therapy system for the treatment of brain cancers. ISR stock price is currently standing above the 50-day moving average of $0.92 and the 200-day moving average of $0.74. Presidential Life has a market value of 43.09 million.
Willdan Group, Inc. (WLDN) surged 26.95%, or $0.38, to close at $1.79, the third on the list of top stocks. Volume was 3,500 shares versus the daily average of 2,993 shares. There was lack of catalyst for the rise. ISR stock price is currently below the 50-day moving average of $2.05 and the 200-day moving average of $3.38. Willdan Group has a market value of $13.06 million.
Severn Bancorp, Inc. (SVBI) closed up 22.61%, or $0.52, to end at $2,82, the fourth of the top stocks, after the company announced an increase of 9.4% in its quarterly profit. Volume was 12,778 shares, much higher than the daily average of 3,201 shares. SVBI stock price is currently below the 50-day moving average of $3.14 and the 200-day moving average of $3.03.Severn Bancorp has a market value of $28.39 million.
New York & Company, Inc. (NWY) soared 18.93%, or $0.67, to report at $4.21, coming as the fifth of the top stocks today, after the company raised its guidance of comparable stock sales for the fiscal 2012 second quarter. Volume was 380,257 shares versus the daily average of 127,620 shares. NWY stock price is currently standing above the 50-day moving average of $3.58 and the 200-day moving average of $3.18. New York & Company has a market cap of $262.67 million.