Morning Movers for March 12th, 2014

Moving up:

EPL Oil & Gas EPL - up 29% - Energy XXI to acquire Co. for $39/share.
Verifone Systems PAY - up 8.2% - Reports Q1 EPS of $0.31 vs $0.27 est; revenue of $436.0M vs $429.58M est. Raises FY2014 EPS guidance from $1.35-1.40 to $1.40 vs $1.41 est.
Cell Therapeutics CTIC - up 4.48% - May be trading higher amid a clinical hold on Geron's imetelstat. Traders should also watch shares of Incyte for another way to play the Geron news.
Rite Aid RAD - up 3.7% - Upgraded by Goldman Sachs from Neutral to Buy.
Real Goods Solar RGSE - up 1.7% - Extreme volatility in this one continuing into Wednesday's session. The stock surged nearly 25 percent on Monday and plunged nearly 15 percent on Tuesday's session.

Moving down:

Geron GERN - down 66% - Announced today that the Co. has received verbal notice from the U.S. Food and Drug Administration (FDA) that its Investigational New Drug (IND) application for imetelstat has been placed on full clinical hold, affecting all ongoing company-sponsored clinical trials.
Synta Pharma SNTA - down 16.5% - Downgraded by Stifel Nicolaus from Hold to Sell after the Co. reported EPS of $(0.31) vs $(0.30) est Tuesday morning. BMO Capital also downgraded the stock.
Northwest Biotherapeutics NWBO - down 13% - Downgraded by Oppenheimer from Outperform to Perform.
Express EXPR - down 9.3% - Reports Q4 EPS of $0.57 vs $0.59 est; revenue of $715.90M vs $722.02M est. Sees FY2014 EPS $1.03-1.23 vs $1.58 est.
ZBB Energy ZBB - down 8.6% - Shares have rallied nearly 50 percent over the last two trading sessions; some profit taking coming in Wednesday. The co. responded following an NYSE inquiry, said policy is not to comment on unusual market activity.
Zogenix ZGNX - down 20% - From Bloomberg: Purdue pill could push Co.'s rival drug off market.
Noranda Aluminum NOR - down 6.7% - Announces secondary offering of 10M shares by Apollo.
FuelCell FCEL - down 5.7% - Downgraded by Cowen from Outperform to Market Perform and raised price target from $2 to $2.7. Stifel maintains a Buy rating and raised price target from $2.30 to $4.10.
AK Steel AKS - down 2.3% - Traders continuing to buy the stock this morning despite a slightly bearish note from Morgan Stanley earlier.