Benzinga’s Volume Movers (DTPI, FMCN, ACTG, MYRG)

By Monica Gerson
Benzinga Staff Writer
August 24, 2010 12:51 PM

Posted in: Long Ideas, News, Earnings, M&A, Intraday Update, Markets, Movers, Trading Ideas

Diamond Management & Technology Consultants Inc (NASDAQ: DTPI) shares moved up 30.82% to $12.48 at 12:51 pm. The volume of DTPI shares traded was 13553% higher than normal. PricewaterhouseCoopers LLP has agreed to buy all the outstanding common shares of DTPI for $378 million or $12.50 per share in cash, representing a premium of 31% to DTPI's closing price on August 23, 2010.

Focus Media Holding Limited (NASDAQ: FMCN) shares rose 2.62% to $19.02. The volume of FMCN shares traded was 412% higher than normal. FMCN swung to profits in the second quarter.

Acacia Research Corporation (NASDAQ: ACTG) shares climbed 13.90% to $15.00. The volume of ACTG shares traded was 204% higher than normal. Renesas Electronics Corporation and ACTG have entered into a strategic patent licensing alliance.

MYR Group Inc (NASDAQ: MYRG) shares gained 4.00% to $13.52. The volume of MYRG shares traded was 146% higher than normal. MYRG’s shares have lost 38.48% over the past 52 weeks, while the S&P 500 index has gained 4.07% in the same period.

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