Market Overview

Afternoon Market Gainers

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Spreadtrum Communication (NASDAQ: SPRD) soared 17.23 percent to $3.84 after the company received a buyout offer from a unit of Tsinghua Holdings for $28.50 in cash per ADS.

IRSA Investments and Representations (NYSE: IRS) climbed 11.42 percent to $7.86 showing some resistance at $8.00.

Sky-mobi (NASDAQ: MOBI) shot up 11.15 percent to $2.80 on no particular news.

Synta Pharmaceuticals (NASDAQ: SNTA) traded up 7.53 percent to $4.14

CarMax (NYSE: KMX) shot up 4.71 percent to $42.47 after the company reported a rise in its first-quarter net earnings.

Immunomedics (NASDAQ: IMMU) gained 12.99 percent to $4.85, holding above 20-day SMA, upside has intensified since the price crossed above $4.75.

Posted-In: News Intraday Update Markets Movers Reviews

 

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