Morning Market Movers
Wave Systems (NASDAQ: WAVX) rose 24.75% to $1.26 after the company and Micron Technology announced their collaboration to secure connected devices against emerging threats.
FX Energy (NASDAQ: FXEN) rose 20.53% to $3.91 after the company reported that the Tuchola-4K well reached its primary objective, the lower Zechstein Ca1 formation at 2,740 meters, 60 meters high to previous year's Tuchola-3K well.
Versartis (NASDAQ: VSAR) surged 9.93% to $27.00. Citigroup initiated coverage on Versartis with a Buy rating and a $60.00 price target.
FedFirst Financial (NASDAQ: FFCO) shares surged 9.42% to $21.95 after the company and CB Financial Services agreed to merge in a cash and stock deal valued at $54.4 million.
Halozyme Therapeutics (NASDAQ: HALO) shares climbed 6.12% to $7.63. Citigroup initiated coverage on Halozyme Therapeuticswith a Buy rating and a $12.00 price target.
Organovo Holdings (NYSE: ONVO) shares gained 6.08% to $6.63 following response to 'Misleading, Inaccurate' reports.
Charles Schwab (NYSE: SCHW) rose 3.24% to $26.12 after the company reported a 58% gain in its first-quarter profit. Charles Schwab's quarterly profit surged to $326 million, or $0.24 per share, versus a year-ago profit of $206 million, or $0.15 per share.
Zebra Technologies (NASDAQ: ZBRA) rose 2.27% to $69.83 after the company announced its plans to buy Motorola's enterprise business from Motorola Solutions (NYSE: MSI) for $3.45 billion. Zebra Tech also issued upbeat Q1 earnings forecast.
Pacific Continental (NASDAQ: PCBK) climbed 2.11% to $13.58 after dropping 1.55% on Monday. Pacific Continental is expected to report its Q1 earnings on April 17, 2014.
Morgan Stanley (NYSE: MS) jumped 1.65% to $29.54. Bank of America upgraded Morgan Stanley from Neutral to Buy.
Yahoo! (NASDAQ: YHOO) jumped 1.15% to $33.83 ahead of quarterly earnings after the closing bell. Yahoo! is estimated to post its Q1 earnings at $0.37 per share on revenue of $1.08 billion. Macquarie upgrades Yahoo! from Neutral to Outperform.
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