Morning Market Movers

MoSys Inc 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 TGAL jumped 23.81% to $2.86. Tegal sold Nanolayer Deposition patent portfolio for around $4 million. Atlantic Coast Financial Corporation 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 PNTR climbed 15.45% to $3.96. PNTR's trailing-twelve-month revenue is $85.80 million.