Morning Market Movers

Alaska Communications Systems Group

shares jumped 57.26% to $1.95 after the company announced its plans to sell remaining wireless assets to GCI Communications

for $300 million. Francesca's Holdings

climbed 21.80% to $14.08. Francesca's named Michael Barnes as Chairman, President, and CEO. Vitesse Semiconductor

shares gained 13.23% to $3.51 on Q4 results. ITT Educational Services

rose 12.97% to $8.45. ITT Educational raised estimate of cash to $150 million as of December 31. Silicon Image

gained 12.86% to $6.76 after the company reported that its subsidiary Qterics has received a $7 million investment from Qualcomm. Trevena

shares surged 7.37% to $4.37 after the company priced 11,250,000 shares of common stock at $4.00 per share. ULTA Salon, Cosmetics & Fragrance

shares climbed 5.15% to $132.21 after the company reported better-than-expected third-quarter earnings. However, the company issued a weak Q4 earnings outlook. The Gap

shares gained 3.16% to $41.84 after the company reported a 6% gain in its November same-stores sales. Vodafone Group Public Limited Company

shares gained 2.31% to $35.93 after falling 1.04% on Thursday.