Top stock gainers No.1: Exceed Company Ltd. (EDS)
Exceed is based in Hong Kong and engages in the design, development, and wholesale of footwear, apparel, and accessories under the Xidelong brand name in China. The company distributes its products primarily through Xidelong retail stores that are operated by independent third-party distributors and retailers. EDS stock price skyrocketed 74.89% after the company released the favorable financial results.
Exceed released the unaudited 2011 full year financial results ended December 31, 2011 before stock market openning on Monday. The results show that the company recognized revenues of $522.5 million, an increase of 21.8% compared to a year ago; gross profit of $157.7 million, an increase of17.9% compared with a year ago, gross margin of 30.2% compared to 31.2% in 2010; net profit of $74.7 million, an increase of 33.1% compared with the previous year. EDS stock price has accumulatively declined 25.51% before today’s big increase since the beginning of this year.
Top stock gainers No.2: Barnes & Noble, Inc. (BKS)
Barnes & Noble is the largest U.S. entity bookstore operator. The company provides access to books, magazines, newspapers, and other content through its multi-channel distribution platform including Barnes & Noble.com.
Microsoft (MSFT) announced to form an alliance with Barnes & Noble, to create a new subsidiary company under the control of Barnes & Noble’s covering the digital book and university boostore business. Microsoft will inject $300 million and gave a valuation of $1.7 billion on the new company. Analysts said this deal will be a win-win cooperation.
Promoted by the news, BKS stock price skyrocketed 79% in the pre-hours trading. In Monday’s regular trading session, BKS stock price surged 51.68%, or $7.07, to reach $20.75, with trading volume of 29.58 million shares compared with the average daily volume of 1.43 million shares. The market capitalization of the company has exceeded $1.25 billion while the figure was only approximately $823 million on the basis of last Friday closing price.
Top stock gainers No.3: Imperial Holdings, Inc. (IFT)
Imperial Holdings was established in 2006 and is a Florida-based specialty finance company operating through its subsidiaries with a focus on providing premium financing for individual life insurance policies issued by insurance companies and purchasing structured settlements.
Imperial Holdings has announced that it entered into a non-prosecution agreement with the U.S. Department of Justice and executed a separation agreement with President and COO Jonathan Neuman ,which means the company will not be prosecuted for any crimes. Last September, Federal authorities raided Imperial Holdings’ headquarters and Federal prosecutors filed a handful of fraud lawsuits against the company. After the release of the news, IFT stock price saw a huge rally of more than 29%. IFT stock price has dropped 61.47% since last October. Currently, the company is commanding a market capitalization of only $81.2 million.