Morning Market Movers
MoSys Inc (NASDAQ: MOSY) shares surged 46.46% to $4.35 at 9:50 am. Invensas bought 43 US and 30 foreign memory technology patents from MoSys for $35 million in cash.
Tegal Corporation (NASDAQ: TGAL) jumped 23.81% to $2.86. Tegal sold Nanolayer Deposition patent portfolio for around $4 million.
Atlantic Coast Financial Corporation (NASDAQ: ACFC) shares gained 16.47% to $2.90. ACFC shares have jumped 42.29% over the past 52 weeks, while the S&P 500 index has gained 0.43% in the same period.
Pointer Telocation Ltd (NASDAQ: PNTR) climbed 15.45% to $3.96. PNTR's trailing-twelve-month revenue is $85.80 million.
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Tags: Morning Market Movers