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Morning Market Movers

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Barron's Recap: Ready To Wear?
UPDATE: Bank Of America Downgrades Theravance As Pricing Headwinds Continue

Theravance (NASDAQ: THRX) moved up 17.15% to $27.83. Theravance is expected to report its Q1 results on April 25, 2013.

Universal Business Payment Solutions Acquisition (NASDAQ: UBPS) rose 17.12% to $3.90. UBPS had $23.69 thousand in total cash for the latest quarter.

Sprint Nextel (NYSE: S) climbed 16.34% to $7.24 after Dish Network (NASDAQ: DISH) offered to acquire the company in a $25.5 billion deal.

Ever-Glory International Group (AMEX: EVK) jumped 15.76% to $2.35 after the company reported 2012 full year financial results.

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