Thursday, May 23rd, 2013
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Top stocks: Mergers and IPOs led gains

Fidelity Bancorp, Inc. (FSBI), the leader of top stocks today, shot up 65.02%, or $8.31, to report at $21.09, hitting a 52-week new high, after the company announced the merger plan with WesBanco, Inc on July 19, 2012. Volume was 316,134 shares versus the daily average of 914 shares. Fidelity Bancorp has a market cap of $64.70 million. The current FSBI stock price is above its 50-day and 200-day moving averages, which are standing at $11.40 and $10.46, respectively.

Kayak Software Corp (KYAK), the second of the top performing stocks, came in with a gain of 27.62% in its first trading day. Kayak Software landed on the Nasdaq today, with an opening price of $30.24, 16.31% higher than its IPO price of $26.00. KYAK stock traded as low as $30.10 and as high as $35.00 today. Volume was 8.71 million shares. Read more: KYAK stock performance in the first trading day.

Palo Alto Networks, Inc (PANW) ranked the third of the top stocks, with a surge of 26.50%, or $11.13 over its IPO price $42.00, to end at $53.13. Palo alto networks get listing on the NYSE under the symbol “PANW” today. The stock opened at $55.20, an increase of 31.43% over its IPO price of $42.00. PANW swung between $53.10 and $62.07 today. Volume was 7.02 million shares. Read more: PANW stock performance in the first trading day.

New Oriental Education & Tech Grp (EDU) has risen for the second consecutive day, with an advance of 15.27%, or $1.71, to end at $12,91, promoted by the $50 million repurchase program. Volume was 18.15 million versus the daily average of 6.08 million shares. The current EDU stock price is still much lower than its 50-day and 200-day moving averages, which are standing at $24.80 and $25.76, respectively. Read more: EDU shares jumped 15.27% with $50 million repurchase program.

Dole Food Company, Inc. (DOLE), one of the top stocks, closed at $10.15, reaping 14.95% on the news that the company is considering selling or spinning off its packaged foods business. Volume was 3.32 million shares, much higher than the daily average of 630,289 shares. The current DOLE stock price is above than its 50-day and 200-day moving averages, which are standing at $9.07 and $9.32, respectively.

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