Morning Market Movers
Frontline Ltd (NYSE: FRO) shares surged 33.05% to $4.71 at 9:45 am. Frontline reported that its Board has approved the restructuring of the company.
LiveDeal Inc (NASDAQ: LIVE) climbed 24.50% to $1.88. LIVE shares have dipped 80.76% over the past 52 weeks, while the S&P 500 index has gained 2.72% in the same period.
Synergy Pharmaceuticals Inc (NASDAQ: SGYPD) surged 21.52% to $4.97. Synergy Pharmaceuticals priced an underwritten public offering of 1,875,000 units at an offering price of $8.00 per unit.
RIT Technologies Ltd (NASDAQ: RITT) shares advanced 13.30% to $3.65. RITT named Mr. Peter Leonard, a Johannesburg -based IT industry professional, as its Country Sales Manager of South Africa.
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