U.S. initial unemployment data was worse than expected last week; Philadelphia Fed manufacturing index beat the consensus estimates in October; U.S. stock market closed lower on Thursday with technology sector leading the losers. Have a look at the top performing stocks today:
Thursday was definitely a wonderful day for the investors of Cybex International, Inc. (CYBI), a manufacturer and marketer of cardiovascular products and strength systems, as the stock skyrocketed 81.48%, or $1.10, to close at $2.45, after the company’s board of directors announced a going private merger agreement, under the terms of which, its outstanding shares other than shares owned by its largest shareholder, UM Holdings, Ltd. (UM), and UM`s subsidiaries and shareholders will be converted into $2.55 per share payable in cash.CYB stock traded 1.08 million shares, much more than the average daily trading volume of 7,989 shares. The current market cap of Cybex International is $42.0 million shares.
The second on the list of top stocks on Tursday was Broadwind Energy Inc. (BWEN), a provider of products and services to energy, mining and infrastructure sector customers. BWEN shares jumped 26.73%, or $0.58, to finish at $2.75, after the company said it has been awarded tower orders totaling approximately $37 million from two U.S. wind turbine manufacturers. BWEN stock traded 1.85 million shares, well above the average daily trading volume of 65,125 shares. The current market cap of Broadwind Energy is $38.76 million.
Luxury hotel company and travel operating Company Orient-Express Hotels Ltd. (OEH) qualified itself as one of the top stocks on Tursday by soaring 22.51%, or $2.03, to end at $11.05, on the back that Indian Hotels will buy the company for $1.86 billion. The intraday volume reached 13.24 million shares, much heavier than the average daily trading volume of 382,029 shares. The current market cap of Orient-Express Hotels is $1.34 billion.
Novacopper Inc (NCQ) stock price went up 21.29%, or $0.43, to $2.45 on a volume of 793,493 shares, almost four times the average daily trading volume of 202,530 shares. The metals exploration company engaged in the exploration and development of mineral properties in Northwest Alaska. The company announced additional significant results from exploration diamond drilling at the South Reef Zone of the Bornite Property on Wednesday. The company currently has a market cap of $94.26 million.
Given Imaging Ltd. (GIVN) is a supplier of diagnostic products for the visualization and detection of disorders of the gastrointestinal tract. The company announced it is currently evaluating a range of strategic options, including possible merger or sale of the company, to maximize growth and enhance its shareholder value, sending its shares to rise 19.12%, or $2.92, to $18.19, being the fifth of the top stocks on Tursday. The intraday volume also exploded from the daily average of 56,139 shares to 1.14 million shares. Given Imaging currently has a market cap of $562,56 million.