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Ligand Pharmaceuticals (NASDAQ: LGND) shares moved up 13.98% to $19.00 at 10:40 am. The volume of Ligand Pharmaceuticals shares traded was 1663% higher than normal. Ligand Pharmaceuticals partner GlaxoSmithKline (NYSE: GSK) announced today that the U.S. Food and Drug Administration (FDA) has approved new indication for PROMACTA.

CNH Global NV (NYSE: CNH) shares rose 5.33% to $46.80. The volume of CNH Global shares traded was 714% higher than normal. Fiat Industrial upped the value of its offer for a full merger with CNH Global.

SINA (NASDAQ: SINA) shares climbed 9.36% to $49.29. The volume of SINA shares traded was 445% higher than normal. Alibaba Group is planning to acquire a stake in Sina's Weibo, according to China Business News.

Flowers Foods (NYSE: FLO) shares gained 6.99% to $23.88. The volume of Flowers Foods shares traded was 288% higher than normal. Flowers Foods reported that it amended and extended its existing $500 million senior unsecured revolving loan facility.

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