Top Stock Gainers Of The Week

The stock market continued the upward drive during last week because of optimistic news about U.S. economy and decline in unemployment claims. There was optimism prevailing that Greece would, in the end, be able to overcome its current economical troubles and would succeed in getting bailout funding.

Dow Jones Industrial Average increased by 1.2% during the week. Russell 3000 gained 1.5%. Among 3 top performing sectors were Energy (rose by 2.8%), Consumer Discretionary (1.9%) and Information Technology (1.8%).

Payday lender Advance America was on the top of the list of advancers surging by whooping 29% because of a buyout deal with Grupo Elektra. The deal will provide an opportunity to shareholders of Advance America to receive $10.50 per share.

Penn Virginia was the next in line of gainers.

Demand Media gained 26% during the week. The parent of Trails.com, Livestrong.com and eHow rose by an impressive 26% following strong quarterly report. The online-content company earned 15% more revenue as compared to last year. Adjusted earnings per share grew by 33%.

Stock price of Fusion-io surged by impressive 19% on reports that chip giant Intel might be considering a buying offer. Analysts expect a hefty bid from Intel.

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Leo Pierson

About Leo Pierson

Former partner in a real estate management firm, Leo, has been active in the market for the last 8 years. Ex-blogger on penny stocks, now focused on long term growth stocks, Leo provides valuable market snapshots each day as part of our editorial team.

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