Morning Market Movers

Frontline FRO shares gained 21.77% to $2.74 after jumping around 38% on Friday. Talisman Energy TLM shares climbed 20.28% to $5.16 after the company issued a press release Monday confirming “that it is engaged in discussions with [Repsol SA] regarding a potential corporate transaction.” Sorrento Therapeutics SRNE rose 17.58% to $6.82 after the company reported that it has entered into a binding agreement with NantWorks founder, physician scientist, and biotechnology entrepreneur Dr. Patrick Soon-Shiong. Cirrus Logic CRUS shares climbed 13.38% to $21.36. Barclays upgraded Cirrus Logic from Underweight to Overweight and raised the price target to $28 from $18. Riverbed Technology RVBD shares gained 8.96% to $20.42 after the company agreed to be acquired by Thoma Bravo for $21 per share in cash. Calithera Biosciences CALA shares surged 8.62% to $32.42 after jumping 28.66% on Friday. Regal Beloit RBC jumped 7.66% to $73.62 following the power transmission purchase from Emerson Electric. PetSmart PETM shares surged 4.80% to $81.40 after the company agreed to be acquired by BC Partners for $83.00 per share in cash. Cypress Semiconductor CY shares gained 3.60% to $14.12 after rising 0.89% on Friday.