Every weekend we will have a look at these best performing stocks on the Nasdaq Stock Exchange, to find the back stories behind these strong gainers.
Clearwire Corporation (CLWR) is a provider of fourth generation (4G), wireless broadband services that enable fast, simple, portable, reliable and affordable Internet communications. Before the market openning on Thursday, Softbank and Sprint NextelCorporation (S) announced that they were in advanced talks about a merger deal, in which the former would acquire a 75% stake in the latter. This would help Sprint and it’s partially owned partner, Clearwire spend more money building next generation wireless networks. CLWR stock price hiked up nearly 71% on Thursday, also making CLWR led the best performing stocks on the Nasdaq this week. CLWR stock price has a 52-week range between $0.83 and $2.64. The current CLWR stock price of $2.32 is well above the 50-day and 200-day SMAs, which are standing at $1.59 and $1.63, respectively. Clearwire Corporation has a market cap of $3.39 billion.
Ninetowns Internet Technlgy Grp Co Ltd. (NINE) is a provider of softwares that enable enterprises and trade-related People’s Republic of China government agencies to streamline the import/export process in China. NINE stock price soared over 60.19% after the company received an $69 million privatization offer from its certain directors and executives. The stock aggregately rose57.3% this week, being ranked the second on the list of the weekly best stocks on the Nasdaq. The current NINE stock price of $1.73 is above the 50-day SMA of $1.11 and the 200-day moving average of $1.29. Over the past 52 weeks, NINE stock traded as high as $2.05 and as low as $1.01. The company currently has a market cap of $64.94 million.
The third one of the weekly best stocks on the Nasdaq was BSD Medical Corporation (BSDM), a provider of medical products treat cancer and deliver using focused radiofrequency (RF) and microwave energy. Shares of BSD Medical Corporation skyrocketed over 73% on Tuesday after the company announced a 391% increase in sales for the MicroThermX® Microwave Ablation System product line for September 2012, as compared to September 2011. BSDM stock price moved down in the following trading days and finally finished with a weekly gain of 44.3%. The current BSDM stock price of $1.72 is above the 50-day SMA of $1.42 while below the 200-day moving average of $1.79. BSDM stock fluctuated with a range of $0.76 to $3.28 over the past 52 weeks. The company currently has a market cap of $51.18 million.
BioFuel Energy Corp.(BIOF) is a producer of ethanol and distillers grain and corn oil. BIOF stock price cumulatively advanced 38.6% this week.The latest BIOF closing price OF $7.15 is well above the 50-day SMA of $4.71 but lower than 200-day moving average of $8.22. We find no significant news responsible for the movements of the stock this week. BIOF stock price has a 52-week range between $0.25 and $24.80. The current market cap of BioFuel Energy is $44.62 million.
USA Technologies, Inc.(USAT) is a designer and marketer of systems and solutions that facilitate electronic payment transactions and value-added services within the unattended Point of Sale (POS) market. The company demonstrated the latest enhancements to its suite of mobile-based interactive services in the Verizon Wireless exhibit at CTIA’s MobileCon 2012 conference on Tursday. USA Technologies and Visa U.S.A. Inc., entered into a First Amendment to the agreement that had been previously entered into between them on October 12, 2011. On the back of these news, USAT stock price climbed 30.5% to $1.67 this week, as the fifth of the weekly best stocks on the Nasdaq. The current USAT stock price is higher than the 50-day and 200-day SMAs, which are settling at $1.42 and $1.32, respectively. Over the past 52 weeks, USAT stock swung between $0.93 and $1.98. The current market cap of the company is $54.59 million.