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Morning Market Movers

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Zipcar (NASDAQ: ZIP) surged 48.30% to $12.22 at 10:10 am. Avis Budget Group (NASDAQ: CAR) announced its plans to buy Zipcar for $500 million.

BioFuel Energy (NASDAQ: BIOF) shares advanced 27.32% to $4.69. BioFuel Energy's trailing-twelve-month revenue is $542.37 million.

Forward Industries (NASDAQ: FORD) surged 21.61% to $1.80. Forward Industries shares have dropped 11.38% over the past 52 weeks, while the S&P 500 index has gained 11.68% in the same period.

Iridium Communications (NASDAQ: IRDMZ) climbed 20.57% to $1.70. Iridium's 52-week trading range is $1.16-$2.20.

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