Morning Market Movers (BARI, DRL, PII, EDSWW)
Bancorp Rhode Island Inc (NASDAQ: BARI) shares surged 49.79% to $46.00 at 9:45 am. Brookline Bancorp Inc (NASDAQ: BRKL) announced its plans to buy BARI and its subsidiary, BankRI, for about $234 million in cash and stock.
Doral Financial Corporation (NYSE: DRL) jumped 32.69% to $1.38. DRL swung to profit in the first quarter.
Polaris Industries Inc (NYSE: PII) climbed 17.11% to $106.78. PII reported better-than-expected Q1 results and issued upbeat FY11 projections.
Exceed Company Ltd (NASDAQ: EDSWW) shares advanced 15.38% to $1.95. EDSWW's trailing-twelve-month ROE is 26.19%.
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