The Dow, Nasdaq, and S&P are all weak today, as they are down .3% to .45%, but a few companies are bucking that trend and are up big on good volume. Some of the biggest gaining Nasdaq stocks have been Conversant (CNVR), 21Vianet Group (VNET), Ocean Power Tech (OPTT), El Pollo Loco (LOCO), and Fifth Third Bancorp (FITB).
Conversant Inc. (NASDAQ:CNVR) jumped over 31 percent today on 12 times heavier than normal volume after the digital marketing services company was bought out by Alliance Data. Alliance offered $2.3 Billion for Conversant Naturally, investors liked that premium bid and and jumped in to the stock. Conversant Inc. (NASDAQ:CNVR) is currently up $8.12 to $34.83. Thanks to that buyout the market cap of Conversant Inc. (NASDAQ:CNVR) is now at $2.23 Billion, pretty much matching Alliance Data’s offer price.
21Vianet Group (NASDAQ:VNET) has risen more than 26 percent in the current trading session and is still racing higher now. This surge comes days after the company was alleged to be involved in fraudulent activities. Interestingly, the surge also comes after over 12,000 call options in VNET were purchased just yesterday. Of course, that fraud will not be addressed either. VNET shares are trading in the range of $16.50 to $19.65 today, last at $19.61. It’s up $4.07 as of 11:35 am. The 52-week range of the stock is $14.23 to $32.34. The company has a market capitalization of $1.31 billion as of today.
Ocean Power Technologies Inc (NASDAQ:OPTT) is surging over 17% today after it reported earnings. The company’s Q1 revenues were $1 million higher than the previous year. Meanwhile the tiny company lost more money, this time $3.3 million, so it’s not clear why investors are bidding up this stock. The company seems in disarray while it searches for a permanent CEO, but at least it has plenty of cash on hand at over $24 million. Shares of Ocean Power Technologies Inc (NASDAQ:OPTT) are up $0.20 to 1.38 today with 1.2 Million shares trading hands. The shares are well off their earlier high of $1.54. The company has a market capitalization of $24 million.
El Pollo Loco Holdings (NASDAQ:LOCO) wins the best company name award, as well as the best stock symbol award. It also places in the top gainers award, as it is up over 6% today trading at $38.92, up $2.28 so far today. It’s really not clear why the Crazy Chicken is up 6% today, as there has been no news from the company, but it could just be left over euphoria from their Sept 4 earnings report. The company posted stellar results. Shares of LOCO are trading in the range of $36.60 to $39.75 today. El Pollo Loco Holdings (NASDAQ:LOCO), the crazy chicken restaurant chain has a market capitalization of $1.44 billion. It’s no Chipotle, yet, but is growing rapidly from it’s humble beginnings in California.
Fifth Third Bancorp (NASDAQ:FITB) was up a healthy 2% today as well, reaching an intraday high of $20.85, before settling back down. It’s currently at $20.72 up 23 cents, or just 1.12% now. There is no news today on the banking company, though it did receive an A- Credit rating by Morningstar yesterday, so it is getting some support from that rating. Fifth Third Bancorp (NASDAQ:FITB) has aPE of just 11.8 times earnings and has a market cap of $17.29 Billion.