Morning Market Movers (NVAX, SONS, PRGX, BSET)

Novavax Inc (NASDAQ: NVAX) jumped 28.85% to $3.35 at 10:00 am. NVAX licensed its recombinant virus-like-particle (VLP) vaccine technology to LG Life Sciences Ltd.

Sonus Networks Inc (NASDAQ: SONS) shares advanced 25.74% to $3.81. SONS reported better-than-expected Q4 results and issued upbeat 2011 revenue projections.

PRGX Global Inc (NASDAQ: PRGX) shares surged 14.24% to $6.50. PRGX reported its Q4 net earnings at $4.1 million, up from $2.0 million, in the year-ago period.

Bassett Furniture Industries Inc (NASDAQ: BSET) climbed 12.74% to $7.61. BSET shares have surged 48.68% over the past 52 weeks, while the S&P 500 index has gained 18.96% in the same period.

Read more from Benzinga's Markets.