Market Overview

Morning Market Movers

Orexigen Therapeutics Inc (NASDAQ: OREX) shares advanced 19.43% to $3.38 at 9:49 am. OREX is scheduled to announce a regulatory update on Contrave NDA on June 3, 2011 before the opening bell.

Telvent GIT SA (NASDAQ: TLVT) climbed 15.36% to $39.74. TLVT agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY).

Lizhan Environmental Corporation (NASDAQ: LZEN) shares surged 15.00% to $2.00. LZEN reported a 48% y/y decline in its Q2 net sales.

Pacific Mercantile Bancorp (NASDAQ: PMBC) jumped 9.92% to $3.99. PMBC's trailing-twelve-month revenue is $32.69 million.

Read more from Benzinga's Markets.

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