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Morning Market Movers

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InterMune (NASDAQ: ITMN) shares surged 35.96% to $73.14 after Roche (OTC: RHHBY) announced its plans to acquire InterMune for $74.00 per share in cash.

Netlist (NASDAQ: NLST) climbed 33.01% to $1.37. Netlist prevailed in reexamination of LRDIMM patent at USPTO.

Digital Ally (NASDAQ: DGLY) shares gained 23.43% to $9.80.

Tim Hortons (NYSE: THI) rose 18.75% to $74.62 following confirmation of merger talks.

Burger King Worldwide (NYSE: BKW) climbed 16.49% to $31.58. Burger King (NYSE: BKW) is in talks to acquire Tim Hortons (NYSE: THI).

RiT Technologies (NASDAQ: RITT) shares rose 14.63% to $1.41 after the company announced the issuance of 451 research report on CenterMind(TM) software suite and the DCIM market.

Life Time Fitness (NYSE: LTM) climbed 10.92% to $46.14 after the company announced the exploration of REIT conversion.

Bio Blast Pharma (NASDAQ: ORPN) shares gained 8.07% to $8.30. Oppenheimer initiated coverage on Bio Blast Pharma with a Outperform rating and a $32.00 price target.

INSYS Therapeutics (NASDAQ: INSY) shares jumped 3.99% to $36.97 after the company received the FDA orphan drug designation for cannabidiol as treatment for glioblastsoma multiforme.

Ceragon Networks (NASDAQ: CRNT) shares gained 3.74% to $2.22 after rising 1.90% on Friday.

Posted-In: market moversNews Intraday Update Markets Movers

 

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