Morning Market Movers

Gentiva Health Services GTIV jumped 65.11% to $14.10 after the company received proposal to be acquired by Kindred Healthcare KND for a $14.00 per share. Clovis Oncology CLVS shares climbed 10.40% to $56.40 on announcement of presentation of clinical data as ASCO. Pernix Therapeutics Holdings PTX rose 8.77% to $6.08. Needham upgraded Pernix Therapeutics from Buy to Strong Buy. Northwest Biotherapeutics NWBO shares gained 8.59% to $6.45 on positive data from DCVax-Direct trial. Cisco Systems CSCO rose 6.71% to $24.34 as the company reported stronger-than-expected fiscal third-quarter results. Cisco reported adjusted earnings of $0.51 per share on revenue of $11.55 billion. However, analysts were projecting earnings of $0.48 per share on revenue of $11.36 billion.. EDAP TMS SA EDAP climbed 6.11% to $3.30 after the company reported Q1 earnings of $0.05 per share. Tower Semiconductor TSEM surged 5.91% to $8.95 after the company reported its Q1 earnings of $0.81 per share on revenue of $132.70 million and issued a strong Q2 revenue forecast.