Morning Market Movers
APAC Customer Services Inc (NASDAQ: APAC) climbed 54.96% to $8.43 at 9:50 am. APAC agreed to be bought by OneEquity Partners for $8.55 per share.
China Auto Logistics Inc (NASDAQ: CALI) jumped 49.14% to $1.73. CALI successfully closed the sale of three million unregistered common shares to accredited individual investors at an above market price of $1.75 per share, raising a total of $5.25 million.
iGo Inc (NASDAQ: IGOI) shares gained 25.57% to $2.21. IGOI launched an innovative headphone line specifically designed to maximize the listening experience from iPods and smartphones.
New Frontier Media Inc (NASDAQ: NOOF) shares surged 21.58% to $1.69. NOOF shares have dropped 4.14% over the past 52 weeks, while the S&P 500 index has gained 26.31% in the same period.
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