US Market Watch Provide Online Top Gainers (GLUU, FU, PRWT, EDAC)

New York, NY -- (SBWIRE) -- 03/18/2013 -- Glu Mobile Inc.(NASDAQ:GLUU) managed to keep its gain at 14.78%, settling at $3.34 after ranging floating in a range of $1.99 to $5.90. The stock extended rally after disclosing plans to launch a mobile slot game in partnership with U.K. online gambling firm Probability. The company had participated at Piper Jaffray Technology, Media and Telecommunications Conference on Wednesday and today it is set to participate in Roth Conference.

Significantly, its latest price of $3.34 is at a discount of 8.82% of its 200-day moving average price of $3.02. Its 52-week range has been $1.99 to $5.90; it is trading at a discount of 43.39% to its 52-week high and a premium of 67.84% of its 52-week low.

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FAB Universal (NYSE: FU) announced 2012 full year financial results today recording overall revenues of $27,458,730, an increase of $24,344,234, or 782% of full year revenues of $3,114,496 in 2011. The overall increase in revenue for 2012 is substantially due to the acquisition of the Digital Entertainment International.

For the full year of 2012, FAB posted a Net Loss of ($4,004,225) or ($.34) per share versus a Net Loss of $(9,979,883) or ($1.31) per share in 2011, due to acquisition related stock issuances and expenses. For the full year of 2012 FAB incurred Non-Cash Expenses of $7,285,243.

For the fourth quarter of 2012, FAB recorded overall revenues of $ 23,996,232, an increase of 2,627% from revenues of $879,912 in the fourth quarter of 2011. This increase is substantially due to the acquisition of the Digital Entertainment International.

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Premierwest Bancorp(NASDAQ:PRWT)is currently trading at $1.68up 3.7%in pre-market on 26860 shares traded. PRWT is trading0.91%above its 50 day moving average and7.18%above its 200 day moving average. PRWT is-23.94%below its 52-week high and57.28%above its 52-week low.

PremierWest Bancorp is a bank holding company, through its subsidiary PremierWest Bank offers a variety of financial services.

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EDAC Technologies Corp. (NASDAQ:EDAC) Said Monday that its board has agreed to sell the aerospace and industrial company to an affiliate of private equity firm Greenbriar Equity Group LLC for about $93.2 million.

Under the terms of the agreement, Greenbriar will pay $17.75 per share for the Farmington, Connecticut-based company. The price represents an 8 percent premium over EDAC's Friday closing stock price of $16.44.

EDAC designs, manufactures and services precisions components.Its shares rose $1.23, or 7.5 percent, to $17.67 in premarket trading.

Based on the company's about 5.25 million outstanding shares, the deal is worth about $93.2 million. EDAC said the deal has an aggregate equity value of about $104.1 million.

Do you think now is a good time to buy or sell EDAC? See EDAC earnings forecast report Here

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