Morning Market Movers
Spanish Broadcasting System Inc (NASDAQ: 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 (AMEX: 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 (NYSE: KV-A) 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 (NASDAQ: MOBI) climbed 8.14% to $10.10. MOBI's PEG ratio is 0.48.
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