Market Overview

Morning Market Movers

Global-Tech Advanced Innovations Inc (NASDAQ: GAI) surged 86.76% to $9.73 at 9:45 am. GAI reported around 81% y/y jump in its net sales for the third quarter of fiscal 2012.

AOL Inc (NYSE: AOL) shares advanced 42.45% to $26.24. AOL announced its plans to sell and license patents to Microsoft Corporation (NASDAQ: MSFT) for $1.056 billion in cash.

Carrollton Bancorp (NASDAQ: CRRB) surged 32.59% to $5.37. Jefferson Bancorp Inc and CRRB announced the execution of a definitive agreement for merger of Jefferson Bancorp Inc and Carrollton Bancorp.

Helios & Matheson Information Technology Inc (NASDAQ: HMNY) climbed 19.10% to $4.4899. HMNY shares have surged 53.88% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the same period.

Posted-In: Morning Market MoversNews Intraday Update Markets Movers

 

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