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Byline: JONAH KERI
The Nasdaq logged heady gains Monday, but lower volume tempered the rise. The composite rose 1.3%, as did the Nasdaq 100.
Successful elections in Iraq and merger news stoked buying on the market, but volume remained notably lower through most of the day.
EZCorp. rose 0.83 to 19.08 on five times its normal trade. The Austin, Texas-based pawnshop operator surged out of a long base on Jan. 21 after posting fiscal first-quarter earnings of 43% on sales growth of 13%. The firm also hiked its fiscal 2005 forecast to 95 cents a share from 90 cents.
Talx vaulted 1.19 to 35.09 on more than four times its usual turnover. The provider of automated employment, income verification and unemployment cost management software and services has flashed three big up days in a row in heavy volume, shooting out of a massive, 16-month base.
Last week the firm reported fiscal third-quarter earnings of 33 cents a share, an 83% year-over-year gain. That topped Thomson First Call's consensus estimate by 4 cents and marked the third straight ...