Morning Market Movers

Global-Tech Advanced Innovations Inc 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 AOL shares advanced 42.45% to $26.24. AOL announced its plans to sell and license patents to Microsoft Corporation MSFT for $1.056 billion in cash. Carrollton Bancorp 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 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.