Top Mid-Day Gainers for 11/11: PNS, SBSA, NLST, TAT, SREV

The market is jumping today as investors pin their hopes on new governments in Italy and Greece. The Dow broke 12,000 earlier this morning and is up 273 points at 12,167 right now. Consumer sentiment also saw a jump today and reached its highest levels in 5 months.

Here’s a look at five gainers following the markets up today.

Pinnacle Data Systems Inc. (AMEX:PNS) is up $1.2050 at $2.3350 today, a gain of 104%. Yesterday, Avnet Inc. (NYSE:AVT) announced they will acquire Pinnacle Data Systems for $22 million in cash. PNS is up on large volume today with 1.5 million shares traded so far, well over the 19 thousand shares it trades on any given day. Pinnacle Data Systems has a current market cap of 18.62 million.

Spanish Broadcasting Systems Inc. (NASDAQ:SBSA) is up 73% today at $3.66. SBSA has traded 453 thousand shares so far today, 10 times its average volume. The company announced third quarter results yesterday and saw consolidated net revenue of $36.4 million compared to $34.5 million from the same period last year. SBSA has a current market cap of 24.71 million.

Netlist Inc. (NASDAQ:NLST) is up 20% at $1.97 today. Netlist reported its third quarter results late yesterday. The company saw an revenue increase of 55% to $16.3 million versus $10.6 million during the same period last year. NLST hit an intraday high of $2.14 shortly after market open with 771 thousand shares traded. The stock usually trades around 75 thousand shares a day. The company has a current market cap of 50.43 million.

TransAtlantic Petroleum Ltd. (AMEX:TAT) is up $0.17 at $1.56, a gain of 11.97%. TAT has traded 2.1 million shares today, double its daily average of 1 million shares. TAT stock has been trending higher the past couple of days after releasing their third quarter results on Wednesday. The company saw an increase of 74% in daily average sales over the same period in 2010 and a 25% increase from last quarter. The company has a current market cap of 566.38 million.

ServiceSource International Inc. (NASDAQ:SREV) is up $1.23 at $14.10, a gain of 9.53%. SREV is up today after the company raised its forecast for fiscal year 2011 sales again. The stock has traded 1.4 million shares already today, twice its daily average. The company has a current market cap of 957.14 million.

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Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.
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