Morning Market Movers

Endocyte Inc (NASDAQ: ECYT) shares advanced 106.58% to $7.85 at 9:45 am. Merck (NYSE: MRK) and Endocyte have entered into an exclusive worldwide agreement to develop and commercialize Phase III cancer candidate vintafolide. The Edelman Financial Group Inc (NYSE: EF) surged 40.94% to $8.71. EF...

X-Rite Inc (NASDAQ: XRIT) shares advanced 38.75% to $5.5499 at 9:45 am. Danaher Corp (NYSE: DHR) announced its plans to buy X-Rite for $467.8 million. NewLead Holdings Ltd (NASDAQ: NEWL) surged 25.71% to $1.76. NEWL shares have dropped 36.07% over the past 52 weeks, while the S&P 500 index has...

Global-Tech Advanced Innovations Inc (NASDAQ: GAI) surged 86.76% to $9.73 at 9:45 am. GAI reported around 81% y/y jump in its net sales for the third quarter of fiscal 2012. AOL Inc (NYSE: AOL) shares advanced 42.45% to $26.24. AOL announced its plans to sell and license patents to Microsoft...

Magal Security Systems Ltd (NASDAQ: MAGS) surged 32.24% to $6.03 at 9:55 am. MAGS reported a 122.9% y/y surge in its Q4 revenue. GMX Resources Inc (NYSE: GMXR) shares advanced 28.72% to $1.61. GMXR reported that it has successfully drilled and completed its fourth operated horizontal Bakken well...

Orchard Supply Hardware Stores Corporation (NASDAQ: OSH) surged 17.71% to $25.52 at 9:45 am. OSH's trailing-twelve-month revenue is $660.42 million. Eltek Ltd (NASDAQ: ELTK) shares advanced 17.20% to $1.56. ELTK posted a 2011 net profit of $228,000, versus a year-ago net loss of $655,000....

Willbros Group Inc (NYSE: WG) shares advanced 21.91% to $3.95 at 9:45 am. Willbros projects a Q4 operating loss of $46.0 million on revenue of $404.9 million. Avon Products Inc (NYSE: AVP) climbed 19.99% to $23.23. Coty Inc offered to acquire Avon Products for $10 billion. Vringo Inc (AMEX: VRNG...

Opnext Inc (NASDAQ: OPXT) surged 49.56% to $1.69 at 9:45 am. Oclaro Inc (NASDAQ: OCLR) announced its plans to acquire Opnext in an all-stock deal valued at around $177 million. Southern Community Financial Corp (NASDAQ: SCMF) shares advanced 36.60% to $2.68. Southern Community Financial agreed to...

Verenium Corporation (NASDAQ: VRNM) surged 27.92% to $3.94 at 9:45 am. Verenium reported that it has completed a $37 million sale of certain assets to DSM Food Specialties B.V., a business group of Royal DSM. Arena Pharmaceuticals Inc (NASDAQ: ARNA) shares advanced 17.35% to $2.83. ARNA shares...

NewLead Holdings Ltd (NASDAQ: NEWL) surged 72% to $2.15 at 9:45 am. NEWL's Board of Directors decided to cancel the 1-for-5 reverse stock split of its common shares. Recon Technology Ltd (NASDAQ: RCON) shares advanced 44.44% to $3.25. RCON shares have dropped 40.79% over the past 52 weeks, while...

Ampio Pharmaceuticals Inc (NASDAQ: AMPE) shares advanced 48.13% to $3.97 at 9:45 am. AMPE reported positive preliminary update on the optina clinical trial to treat diabetic macular edema. Kensey Nash Corporation (NASDAQ: KNSY) surged 15.86% to $28.49. KNSY and St. Jude Medical Inc (NYSE: STJ)...