Morning Market Movers

Cerulean Pharma (NASDAQ: CERU) shares gained 17.84% to $7.73. On Tuesday, Cerulean Pharma announced the closing of its initial public offering of 8,500,000 shares at a price of $7.00 per share.Zalicus (NASDAQ: ZLCS) shares climbed 16.50% to $1.20 after the company and Epirus announce a merger agreement.Dehaier Medical Systems (NASDAQ: DHRM) rose 11.18% to $6.86 after the company acquired multiple international players' authorization for Chinese government procurement. SodaStream International (NASDAQ: SODA) shares jumped 10.96% to $41.82. Calcalist reported that the company is in talks to sell its 10% to 16% stake to Pepsi, Dr. Pepper Snapple or Starbucks.Eagle Bulk Shipping (NASDAQ: EGLE) climbed 10.19% to $3.45 after the company announced the extension to waiver and forbearance agreement.Zogenix (NASDAQ: ZGNX) shares climbed 9.40% to $2.56 after the company reported that the court has granted temporary restraining order preventing the implementation of Massachusetts ban of Zohydro ER Extended-Release Capsules.Yahoo! (NASDAQ: YHOO) rose 8.04% to $36.96 after the company reported better-than-expected first-quarter results. Yahoo reported its adjusted earnings of $0.38 per share on revenue of $1.09 billion. However, analysts were estimating a profit of $0.37 per share on revenue of $1.08 billion. Wells Fargo upgraded Yahoo! from Market Perform to Outperform.Control4 (NASDAQ: CTRL) rose 7.61% to $18.11. Raymond James upgraded Control4 from Outperform to Strong Buy.King Digital Entertainment plc (NYSE: KING) shares surged 4.99% to $18.30 after the company and Tencent announced the launch of Candy Crush Saga in China.