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Steinway Musical Instruments Inc. (NYSE: LVB) shares spiked 9.27 percent to close at $39.59 a share Monday. The stock traded between $39.06 and $39.90 on volume of 679,630 shares traded. The company announced that it has received a superior proposal of $38.00 per share from an affiliate of an investment firm. Shares of Steinway Musical Instruments have gained approximately 87.0 percent year-to-date.
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Perion Network Ltd. (NASDAQ: PERI) shares declined 14.27 percent to close at $10.33 a share Monday. The stock traded between $10.12 and $11.48 on volume of 3.43 million shares traded. The Company expects third quarter revenues to be between $20 million and $22 million, revenues for the second quarter totaled $24.4 million. Shares of Perion Network have gained over 200.0 percent year-to-date.
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SYSCO Corporation (NYSE: SYY) shares declined 5.77 percent to close at $32.99 a share Monday. The stock traded between $32.76 and $34.48 on volume of 14.24 million shares traded. The company reported an operating income of $460 million for the second quarter of 2013, a decrease of 10.8 percent when compared to a year ago. Shares of SYSCO have gained approximately 4.2 percent year-to-date.
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Zoltek Companies, Inc. (NASDAQ: ZOLT) shares increased 1.16 percent to close at $13.92 a share Monday. The stock traded between $12.63 and $14.01 on volume of 603,294 shares traded. The company reported revenues were $30.3 million for the fiscal third quarter, compared to $48.1 million a year ago. Shares of Zoltek have gained approximately 80.0 percent year-to-date.
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