Morning Market Movers
Life Partners Holdings (NASDAQ: LPHI) shares advanced 27.40% to $1.86 at 9:45 am. Life Partners Holdings has a dividend yield of 28.20%.
American Greetings (NYSE: AM) surged 17.71% to $16.88. American Greetings received a non-binding proposal from Zev Weiss, its Chief Executive Officer, and Jeffrey Weiss, its President and Chief Operating Officer, to buy all of the outstanding common shares of American Greetings for $17.18 per share.
IFM Investments Limited (NYSE: CTC) climbed 16.91% to $1.29. IFM Investments shares have dropped 54.17% over the past 52 weeks, while the S&P 500 index has gained 25.24% in the same period.
Selectica (NASDAQ: SLTC) surged 14.62% to $5.32. Selectica had $13.58 million in total cash for the latest quarter.
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