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The Real Most Active - NASDAQ.(B)
Byline: Monika Tjia
The Nasdaq managed to finish in positive territory Tuesday. The index rallied in the morning before losing most of its gains, closing up 0.5% on heavier volume.
Performance Food Group hit a new intraday high, adding 1 to 30.40 as trade doubled. The food service distributor said second-quarter earnings rose 26% to 29 cents a share vs. 24 cents a year ago. It edged second-quarter profit views by a penny. Last week, the firm announced plans to buy privately owned Springfield Foodservice for $85 million.
Pemstar soared 1.88 to 18.18 on two times usual turnover. After making its debut at 11 in August, the provider of electronic manufacturing services rose 135% before easing back. The stock is now at its highest level since October.
Select Medical gapped up 0.87 to 20.09 on nearly seven times its typical volume. The firm, which operates hospital and rehab clinics, has gained 101% since its April 5 debut.
On the downside, Mercury Computer Systems plunged 17.10, or 35%, to 31.65 on its heaviest trade this year. After the close Monday, the maker of high-performance digital signal and image processing systems topped fourth-quarter profit views by a penny. But the firm warned of an earnings slowdown in the near future due to lagging ...
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