Mid-Day Market Movers For Friday, June 6, 2014
- ARISTA NETWORKS (NYSE: ANET) - 36 percent - stock surged after its first day of trading following the firm's IPO. Priced at $43/share, the stock opened at $55.25 with a high of $60.
- RMG Networks (NASDAQ: RMGN) - 24 percent - shares rose after jumping 16 percent on Thursday.
- Rediff.com India Limited (NASDAQ: REDF) - 19 percent - shares surged after the company reported fourth-quarter and full-year results earlier this week.
- Cheetah Mobile (NYSE: CMCM) - 16 percent - stocks were trading up after JPMorgan initiated coverage of the firm with an Overweight rating and a $26 price target.
- InterCloud Systems (NASDAQ: ICLD) - 15 percent - stocks rose after the firm finalized a stock purchase agreement to acquire all of the outstanding stock of Integration Partners-NY.
- Comtech Telecommunications (NASDAQ: CMTL) - 14 percent - firm posted better-than-expected revenue and earnings for its third-quarter.
- Liquid Holdings Group (NASDAQ: LIQD) - Nine percent - stock was rising after Craig-Hallum initiated coverage with a Buy rating and a $2.50 price target.
- Angie's List (NASDAQ: ANGI) - Nine percent - shares were rising after Bank of America upgraded the stock to Buy from Neutral.
- Quiksilver (NYSE: ZQK) - Eight percent - shares have been rising after UBS said takeover still possible.
- VeriFone Systems (NYSE: PAY) - Seven percent - shares hit a 52-week high after the company posted better-than-expected earning for its second-quarter.
- Rally Software Development (NYSE: RALY) - 28 percent - stocks fell after the firm guided for a softer-than-expected second-quarter and full year.
- Diamond Foods (NASDAQ: DMND) - 11 percent - stocks fell after the company reported a miss for third quarter.
- Sears Hometown and Outlet Stores (NASDAQ: SHOS) - 11 percent - shares have been declining after the company posed a decrease in net sales to $589.9, compared to $601.1 million from the same period last year.
- Hertz Global (NYSE: HTZ) - Seven percent - shares have been plummeting after an investigation on behalf of the shareholders of the company over a claim the company violated Section 10(b) and 20(a) of the Securities Exchange Act of 1934.
- Novavax (NASDAQ: NVAX) - Seven percent - shares fell after the company priced its public offering of 25 million shares of common stock at $4/share; a 12 percent discount to Thursday's closing price of $4.69.
- Vertex Energy (NASDAQ: VTNR) - Five percent - shares fell after the firm agreed to sell 2.2 million shares of its common stock at a price of $7.75/share; a price discount of 12.3 percent.
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