Morning Market Movers

Peerless Systems Corp. PRLS shares jumped 26.72% to $6.82 after the company agreed to be acquired by Mobius Acquisition, LLC for $7.00 per share in cash. Vanda Pharmaceuticals, Inc. VNDA shares climbed 22.42% to $14.58 after the company announced its plans to acquire rights to Phase II clinical compound from Novartis NVS. Novartis will purchase $25 million of Vanda common stock. NQ Mobile Inc. NQ shares climbed 21.10% to $4.19 following news that the company has authorized an $80 million share buyback program. China Finance Online Co., Ltd. JRJC shares rose 14.87% to $6.11 following Q3 earnings. China Finance Online reported a Q3 loss of $0.11 per share on revenue of $21.10 million. Cytokinetics, Incorporated CYTK shares gained 8.78% to $5.33 after the company announced an expansion deal for the development of CK-2127107. Chesapeake Energy Corporation CHK shares gained 5.37% to $19.41 after the company announced a $1 billion buyback plan. The company also closed the sale of Southern Marcellus and Utica Shale assets for net proceeds of $4.975 billion. GoPro, Inc. GPRO shares rose 5.07% to $60.94 following Monday's 7.61% gain. Shares surged amid a positive research note from Wedbush. Radian Group Inc. RDN shares rose 2.83% to $16.74 after the company announced its plans to sell its Radian Asset Assurance subsidiary to Assured Guaranty Ltd. AGO for $810 million in cash.