Morning Market Movers

Spanish Broadcasting System Inc SBSAD jumped 20.99% to $7.55 at 9:55 am. SBSAD announced a one-for-ten reverse stock split of its common stock. New Energy Systems Group NEWN shares surged 17.31% to $2.20. NEWN reported that the Company's senior management team purchased around $300,000 of stock of the Company to date with personal funds. K-V Pharmaceutical Company KV shares gained 12.35% to $2.82. K-V Pharmaceutical shares have surged 258.57% over the past 52 weeks, while the S&P 500 index has gained 19.93% in the same period. Sky-mobi Limited MOBI climbed 8.14% to $10.10. MOBI's PEG ratio is 0.48.