Top stock gainers NO.1: Overland Storage Inc. (OVRL) is a global provider of data management and data protection solutions for primary or nearline storage, disk backup and recovery, and data management and protection for small and medium enterprises (SMEs), corporate departments, and small and medium businesses (SMBs). OVRL share price soared 31.75%, or $0.40, to close at $1.66 after the company announced that Administrative Law Judge Charles Bullock of the U.S. International Trade Commission (“ITC”) has issued a 125-page, full version of the Initial Determination that explains the reasons for a ruling in a patent case. The full Initial Determination is confidential and only the attorneys in the ITC action are able to review it. OVRL traded 972,497 shares today versus a daily average of 95,420 shares. On the basis of the latest closing price, OVRL currently has a market cap of $45.81 million.
Top stock gainers NO.2: Giga-tronics Inc. (GIGA), together with its subsidiary, Microsource Inc., designs, manufactures, and markets a range of test and measurement equipment used in the development, test and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems and automatic testing systems. GIGA share price surged 23.14%, or $0.24, to $1.28 with a volume of 25,217 shares versus the daily average of 6,935 shares. The boost in GIGA shares was based on no significant news. On the basis of the latest closing price, GIGA currently has a tiny market cap of $6.44 million.
Top stock gainers NO.3: Amyris Inc (AMRS), formerly Amyris Biotechnologies, an integrated renewable compounds company, provides alternatives to a range of petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. AMRS shares jumped up 20.67%, or $0.68, to finish at $3.97. AMRS traded 2.96 million shares, well above the daily average of 936,885 shares.Earlier this month, Amyris announced that it was awarded a contract from the U.S. Department of Defense Advanced Research Projects Agency (DARPA) to develop tools that can extend the scope of AMRS’s industrial synthetic biology technology platform across several biological platforms and cell types. On the basis of the latest closing price, AMRS currently has a market cap of $223.55 million.
Top stock gainers NO.4: Horizon Pharma, Inc. (HZNP) is a biopharmaceutical company, through its subsidiaries, develops and commercializes medicines for the treatment of therapeutic needs in arthritis, pain and inflammatory diseases. HZNP shares rose sharply by 18.03%, or $0.95, to end at $6.22. HZNP traded 2.14 million shares, well above the daily average of 598,616 shares. On the basis of the latest closing price, HZNP currently has a market cap of $209.63 million. There was also no significant news supporting the surge in HZNP shares. On the basis of the latest closing price, HZNP currently has a market cap of $209.63 million.
Top stock gainers NO.5: J. Alexander’s Corp. (JAX) operates 33 J. Alexander’s casual dining restaurants in the United States. The company’s restaurants offer American menu and a full-service bar. JAX soared 16.46%, or $1.63, to close at $11.53 with a volume of 235,256 shares, well above the daily average of 21,962 shares. The big gain in JAX shares was boosted by the news that J. Alexander’s Corporation announced that on Friday, June 22, it has singed a definitive agreement to be acquired by Fidelity National Financial, Inc. (FNF) with a subsidiary of American Blue Ribbon Holdings, Inc., a newly formed, majority owned subsidiary of FNF, in a transaction which values the equity of J. Alexander’s at approximately $72 million. On the basis of the latest closing price, JAX currently has a market cap of $69.14 million.