CEVA Up 7% On Heavy Volume (CEVA)

Shares of CEVA Inc.

are up sharply today, gaining more than 7% on heavier than normal volume. At last check, shares of CEVA were up $1.84 to $27.77, a gain of 7.1%. This comes on 350,000 shares, whereas the average volume is 185,000 shares. CEVA, Inc. and its subsidiaries engage in designing and licensing silicon intellectual property (SIP) for the handsets, portable multimedia, and consumer electronics markets.