Last week, people claimed for unemployment benefits were less than expected and durable goods orders data topped Wall Street estimates in September, but the September second-hand housing sales data missed the consensus expectation. US stocks opened higher but fell subsequently, and finally closed with the three major stock indexes up slightly. We name the top performing stocks here, PSS World Medical Inc. (PSSI), a national distributor of medical products and supplies, diagnostic equipment, healthcare information technology, pharmaceutical products, and professional and consulting services, saw its stock price surging 32.27%, or $6.97, to $28.57 after McKesson Corp. (MCK) said to buy PSS World Medical for roughly $1.46 billion in cash. PSSI stock traded 48.95 million shares today, well above the daily trading volume of 758,758 shares. PSS World Medical has a market cap of $1.44 billion.
The developing pharmaceutical company Chelsea Therapeutics International Ltd. (CHTP) came in as the second of the top stocks today with a gain of 28.03%, or $0.37. There seemed to be no news supporting this surge but after the release of a positive SeekingAlpha article. CHTP stock price reported at $1.69 with 4.50 million shares traded, much more than the average daily trading volume of 360,923 shares. Chelsea Therapeutics International has a market cap of $113.30 million.
GSI Technology, Inc. (GSIT) is a supplier of high-performance memory products primarily for the networking and telecommunications markets.GSIT made it one of the top stocks to day by soaring 27.62%, or $1.24, to $5.73, on a volume of 263,923 shares, more than ten times the average daily trading volume of 25,746 shares. Chief Administrative Law Judge Charles E. Bullock issued his initial determination in the patent litigation between GSI and Cypress Semiconductor Corp., saying the former has not violated applicable federal law with respect to any of the four patents that Cypress had alleged were infringed. GSI Technology has a market cap of 155.94 million.
Angie’s List Inc (ANGI) offers consumer-driven solution, including home, health care and automotive services, to paying members. The company reported its third quarter revenue and total paid memberships were up 75% and 68% from a year ago, respectively. But the third quarter net loss widened 6.3% year-over-year. After the earnings report release, ANGI stock price hiked 27.17%, or $2.47, to $11.56, on a volume of 4.17 million shares, well above the average daily trading volume of 421,496 shares. Angie’s List has a market cap of $667.76 million.
Among the top stocks today, Overstock.com, Inc. (OSTK), an online retailer of discount brand name, non-brand name and closeout merchandise, also reported its third quarter financial report, showing revenue increased 7% year-over-year; net profit of $2.7 million versus a net loss of $7.8 million. On the back of the good results, OSTK stock price popped 23.40%, or $2.56, to $13.50, with 861,605 shares traded, more than ten times the average daily trading volume of 83,105 shares. Overstock.com has a market cap of $316.54 million.