SatCon Technology Corporation (NASDAQ:SATC) soared 6.13%
to $4.33. Last week, the company announced that it priced a public offering of
9,000,000 shares of its common stock at a public offering price of $3.90 per
share on October 21, 2010. Net proceeds to the Company, after deducting
underwriting discounts and commissions and other offering expenses, are
expected to be approximately $32.7 million.
Over the
past 52-week, the stock had traded within the range of $1.83-$4.53 and is up
more than 61% year-to-date. The stock made its fresh 52-week high of $4.53.
Entropic Communications, Inc. (NASDAQ:ENTR) jumped 6.05%
to $8.24. Last month, the company announced the pricing of an underwritten
public offering of 10,750,000 shares of its common stock at a price to the
public of $9.70 per share. The offering is expected to close on or about
October 5, 2010, subject to customary closing conditions.
The
Company has also granted the underwriters a 30-day option to purchase up to an
additional 1,612,500 shares to cover over-allotments, if any.
The
stock has a 52-week range of $2.32-$10.35.
ANADIGICS,
Inc. (NASDAQ:ANAD) surged 9.98% to $5.84 on unusual volumes. Earlier
this week, Needham & Company upgraded ANADIGICS, Inc. from Hold to Buy with
a price target of $6.50.
The stock opened at $5.58 and has a 52-week range of $2.86-$6.25.
In the past one month of trading sessions, the stock went up more than 1%.
Premiere Global Services, Inc. (NYSE:PGI) plunged
6.41% to $6.72. This week, the company announced results for the third quarter
ended September 30, 2010.
Consolidated
net revenues totaled $142.3 million in the third quarter of 2010, including
$109.5 million from the company's PGiMeet solutions. In the third quarter of
2010, diluted EPS from continuing operations was $0.06, and non-GAAP diluted
EPS from continuing operations was $0.18.
Over the past 52-week, the stock had traded within the range of $4.87-$10.34.
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