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Morning Market Movers

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Local (NASDAQ: LOCM) moved up 29.27% to $2.12 after the company reported that it has signed an agreement with Microsoft (NASDAQ: MSFT) to provide location-based local product data for Bing.

Prospect Global Resources (NASDAQ: PGRX) jumped 25.95% to $2.71. Prospect Global Resources announced a 50-for-1 reverse stock split.

Envivio (NASDAQ: ENVI) rose 25.71% to $3.52 on Q2 results.

Kaydon (NYSE: KDN) shares jumped 22.89% to $35.51 after the company agreed to be acquired by SKF for $35.50 per share in cash.

Posted-In: Morning Market MoversNews Intraday Update Markets Movers

 

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