Morning Market Movers
Tower Bancorp Inc (NASDAQ: TOBC) shares surged 30.83% to $26.65 at 9:45 am. Susquehanna Bancshares Inc (NASDAQ: SUSQ) agreed to buy Tower Bancorp for $343 million in cash and stock, representing a 41% premium over Tower's closing stock price on Friday.
Bank Of Virginia (NASDAQ: BOVA) climbed 16.86% to $2.01. BOVA's trailing-twelve-month operating margin is 317.57%.
Recon Technology Ltd (NASDAQ: RCON) jumped 16.00% to $2.90. RCON share have dropped 56.29% over the past 52 weeks, while the S&P 500 index has gained 14.84% in the same period.
Orsus Xelent Technolgies Inc (AMEX: ORS) shares gained 13.33% to $4.59. ORS' trailing-twelve-month revenue is $20.73 million.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.