Morning Market Gainers

ITUS Corp ITUS gained 12.72 percent to $3.9199. ITUS reported that its subsidiary Auction Acceleration Corporation has entered into a settlement and license agreement with eBay, Vendio, and Auctiva. Receptos Inc RCPT shares jumped 10.50 percent to $228.94 after Celgene Corporation CELG announced its plans to acquire Receptos for $7.2 billion. Celsion Corporation CLSN rose 9.17 percent to $2.62. Maxim Group initiated coverage on Celsion with a Buy rating and a $12.00 price target. Guess?, Inc. GES shares surged 9.50 percent to $23.17. Guess named Paul Marciano as successor to the current CEO Maurice Marciano. Evercore analyst Omar Saad upgraded Guess? from Sell to Hold, while raising the target price to $22. PTC Therapeutics, Inc. PTCT shares climbed 7.99 percent to $52.85. JP Morgan upgraded PTC Therapeutics from Neutral to Overweight. Celgene Corporation CELG rose 7.76 percent to $132.38 after the company announced its plans to acquire Receptos for $7.2 billion and lifted its earnings forecast for 2015. CymaBay Therapeutics Inc CBAY shares climbed 5.67 percent to $2.98 after the company priced 7.12 million shares at $2.81 per share. CSX Corporation CSX shares rose 2.59 percent to $32.90 after the company reported better-than-expected earnings for the second quarter of 2015. Bank of America Corp BAC shares gained 2.57 percent to $17.57 after the bank reported better-than-expected Q2 earnings.