Dallas, Texas 05/29/2014 (FINANCIALSTRENDS) – On Wednesday, LiveDeal Inc. (NASDAQ:LIVE)’s stock gained 33.77% and closed at $5.07, gaining the top position among NASDAQ stocks posting “Largest Percentage Increases.” The stock traded with significant volume of nearly 16 million shares as compared to its 30 day average trading volume of 1.6 million shares. During the session, the stock marked an intraday high of $5.34. The stock has gained more than 65% over past five trading sessions and yet it is 35% down if we consider the price difference over past three months. LiveDeal’s market capitalization increased to $68.87 million with total 13.58 million shares outstanding.
Other stocks which posted largest percentage increases on Wednesday and followed LiveDeal Inc. (NASDAQ:LIVE) on the list, include FormFactor, Inc. (NASDAQ:FORM) with gains of 16.3%; PTC Therapeutics, Inc. (NASDAQ:PTCT) with gains of 15.1%; Vertex Energy Inc. (NASDAQ:VTNR) with gains of 13.3%; and Datawatch Corporation (NASDAQ:DWCH) with gains of 13.3%.
The Stock Booster
LiveDeal Inc. recently get added to MSCI (Morgan Stanley Capital International)’s exclusive Global Index gaining acclaimed recognition in the global financial markets. This addition to the Global Index will be effective by Friday, May 30, 2014 and the company will be added to the “MSCI US Micro Cap Index.” This news turned to be a booster dose for the stock and investors could see even more liquidity and price appreciation with this listing.
The “MSCI US Micro Cap Index” measures the performance of the Micro Cap segment with 932 constituents. LiveDeal Inc. (NASDAQ:LIVE)’s listing on this index gains it significant global exposure and will help the company garner global attention from large asset managers, hedge funds, pension plans and banks. The listing recognizes the company’s tremendous progress over the past couple of quarters.
Las Vegas based LiveDeal Inc. offers customer acquisition and online listing services for small and medium sized local businesses in the U.S.