Thursday, March 24, 2011

Hot Stocks Of The Day: NVDA, LVS, IMAX, TSON, PWAV

. Thursday, March 24, 2011

By stockOzone team
Shares of the following companies are having unusual moves in U.S. trading.
Shares of Nvidia Corp. (NASDAQ: NVDA) jumped more than 8% on thursday after the company unveiled a new dual-core graphics card. The company said that its GeForce GTX 59, which is powered by a pair of its Fermi-class GPUS, is the fastest dual graphics card on the market.

Las Vegas Sands Corp. (NYSE: LVS) rallied more than 6% after the Wall Street Journal reported that Sands China Ltd., a unit of U.S. casino operator Las Vegas Sands Corp., is in talks with InterContinental Hotels Group Plc about management contracts for two hotels in a Sands development project in Macau’s Cotai area.

IMAX Corporation (NYSE: IMAX) surged more than 13% on Thursday after the copany announced a 75-theatre joint revenue sharing agreement with Wanda Cinema Line Corporation. IMAX also announced the formation of IMAX China to oversee the expansion of the rapidly growing IMAX business in the market.

TranS1 Inc. (NASDAQ: TSON) soared more tha 38% after the company announced the 510(k) clearance of the AxiaLIF 1L+ product line, an instrumentation and implant system for L5-S1 lumbar fusion.

Shares of Powerwave Technologies Inc. (NASDAQ: PWAV) climbed as much as 6 after CL King & Associates Inc. was upgraded to “buy” from “neutral.”

Disclosure: Author does not own any of the stocks discussed here.

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