Tomahawk, WI 4/13/2012 (StreetBeat) -- Top movers for today: Primo Water Corp. (PRMW) was up 31 percent at $2.10 per share on heavy volume of nearly 3 million shares compared to its average daily volume of 400,000; China Information Technology (CNIT) was up 21 percent at $1.35 per share on heavy volume of nearly 700,000 shares compared to its average daily volume of about 100,000 shares; and ARC Wireless Solutions (ARCW) was up 21 percent at $3.58 per share on light volume.PRMW today announced it has received a commitment from a senior lender to enter into a new long-term $20 million senior revolving credit facility. Also, the Company expects to close a term loan for up to an additional $15 million with a separate lender, secured by certain fixed assets of the Company.
ARCW yesterday announced the signing of definitive agreements to purchase Advanced Forming Technology, Inc. and Quadrant Metals Technologies, LLC.
