Benzinga’s Volume Movers (RCNI, ITMN, DMND, SXCI, NUAN)

RCN Corp (NASDAQ: RCNI) shares climbed 23.25% to $15.11. The volume of RCNI shares traded was 18494% higher than normal. RCNI has agreed to be acquired by a private equity firm for about $570 million.

InterMune Inc (NASDAQ: ITMN) shares soared 54.83% to $22.61. The volume of ITMN shares traded was 2962% higher than normal. The FDA’s Pulmonary-Allergy Drugs Advisory Committee is scheduled to meet on March 9 to review ITMN’s New Drug Application (NDA) for pirfenidone. Pirfenidone is ITMN’s investigational drug candidate for the treatment of patients with idiopathic pulmonary fibrosis.

Diamond Foods Inc (NASDAQ: DMND) shares rose 5.19% to $39.13. The volume of DMND shares traded was 1690% higher than normal. DMND has priced its offering of 4,500,000 common shares to the public at $37.00 per share.

TiVo Inc (NASDAQ: TIVO) shares gained 6.05% to $17.54. The volume of TIVO shares traded was 986% higher than normal. TIVO received a favorable ruling for the third time in a long running patent infringement dispute against EchoStar Communications Corp (NASDAQ: SATS), the parent company of Dish Network Corp. (NASDAQ: DISH).

Nuance Communications Inc (NASDAQ: NUAN) shares moved up 5.45% to $15.68. The volume of NUAN shares traded was 358% higher than normal. NUAN has established a strategic global relationship with a leading global provider of telecommunications equipment and network solutions, ZTE, to ship Nuance VSuite and Nuance Vocalizer on ZTE handsets.

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