Morning Market Movers

Ampio Pharmaceuticals Inc (NASDAQ: AMPE) shares advanced 48.13% to $3.97 at 9:45 am. AMPE reported positive preliminary update on the optina clinical trial to treat diabetic macular edema.

Kensey Nash Corporation (NASDAQ: KNSY) surged 15.86% to $28.49. KNSY and St. Jude Medical Inc (NYSE: STJ) settled a royalty-related dispute.

AboveNet Inc (NYSE: ABVT) climbed 13.35% to $84.16. Zayo Group LLC agreed to acquire AboveNet for around $2.2 billion in cash.

Cresud S.A.C.I.F. y A. (NASDAQ: CRESY) surged 11.69% to $13.09. CRESY has a dividend yield of 2.40%.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.