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Wednesday, April 24, 2024

Morning Market Movers

Courtesy of Benzinga.

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Move (NASDAQ: MOVE) shares jumped 36.89% to $20.93 after the company agreed to be acquired by News Corp (NASDAQ: NWSA) for $21 per share, or $950 million.

ChinaNet Online Holdings (NASDAQ: CNET) climbed 18.44% to $3.79 as Liansuo subsidiary signed 12 new clients.

Catalyst Pharmaceutical Partners (NASDAQ: CPRX) shares climbed 13.71% to $3.40 after the company reported positive top-line Phase 3 data from pivotal Firdapse clinical trial.

Teekay (NYSE: TK) shares gained 12.98% to $65.94 after the company announced its plans to increase dividend by 75%-80%.

Vimicro International (NASDAQ: VIMC) shares increased 12.39% to $10.27 after the company announced a $12.4 million contract win in Taiyuan City of Shanxi Province. The company’s joint venture, Shanxi Zhongtianxin Science and Technology Co, secured a $65 million revolving line of credit.

eBay (NASDAQ: EBAY) shares gained 7.35% to $56.53 after the company announced its plans to separate eBay and PayPal into two publicly traded companies in 2015.

SYNNEX (NYSE: SNX) gained 7.16% to $66.64 after the company reported stronger-than-expected Q3 earnings and announced the initiation of $0.125 per share quarterly dividend.

JAKKS Pacific (NASDAQ: JAKK) gained 5.22% to $7.25 after rising 2.38% on Monday.

Ceragon Networks (NASDAQ: CRNT) shares rose 4.93% to $2.34 after the company reported that it has received follow-on orders from a global Tier 1 operator serving 20 countries across Asia and Africa.

Ballard Power Systems (NASDAQ: BLDP) shares rose 3.14% to $3.28 after the company reported that it has received a ElectraGen fuel cell system order for deployments in Digicel network.

Walgreen Co (NYSE: WAG) climbed 2.06% to $60.83 after the company reported in-line profit for the fourth quarter.

Posted-In: Morning Market MoversNews Intraday Update Markets Movers

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