Morning Market Movers
New Frontier Media (NASDAQ: NOOF) surged 53.85% to $2.00 at 10:00 am. New Frontier Media agreed to be bought by LFP Broadcasting.
Identive Group (NASDAQ: INVE) shares advanced 37.07% to $1.44. Identive Group announced a new smart card reader for Apple mobile devices that allows iPad(R), iPhone(R) and iMac(R) users to safely log on to secure networks and websites.
Premier Exhibitions (NASDAQ: PRXI) climbed 20.68% to $2.86. Premier Exhibitions posted a profit of $3 million in the second quarter.
Southcoast Financial (NASDAQ: SOCB) surged 14.82% to $4.88. Southcoast Financial posted an unaudited net income of $2,590,000 for the nine months ended September 30, 2012, versus an unaudited net loss of $11,678,000, in the year-ago period.
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