Market Overview

Morning Market Gainers

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Youku Tudou Inc (ADR) (NYSE: YOKU) shares jumped 23.40 percent to $25.21 following announcement of proposal from Alibaba Group Holding Ltd (NYSE: BABA) of $26.60 per share.

Harsco Corporation (NYSE: HSC) shares gained 7.01 percent to $10.69. Harsco projects that Q3 adjusted earnings will be above the earlier provided guidance range.

Weibo Corp (ADR) (NASDAQ: WB) shares rose 6.85 percent to $14.67 after gaining 4.97 percent on Thursday.

Mattel, Inc. (NASDAQ: MAT) surged 5.10 percent to $23.68. Mattel reported weaker-than-expected results for the third quarter on Thursday.

PTC Therapeutics, Inc. (NASDAQ: PTCT) shares rose 3.34 percent to $32.80 after the company reported results from the Phase 3 ACT DMD clinical trial of Translarna™ (ataluren) in patients with Duchenne muscular dystrophy. Barclays' Geoffrey Meacham maintained an Overweight rating on the company, with a price target of $100.

SunTrust Banks, Inc. (NYSE: STI) shares gained 3.74 percent to $41.00 after the bank reported stronger-than-expected earnings for the third quarter.

General Electric Company (NYSE: GE) rose 2.86 percent to $28.80 after the company reported upbeat earnings for the third quarter.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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