Cree Popping 4% On GE News

Cree, Inc.

shares are popping this morning, gaining more than 4% on news that Canaccord Genuity says the company won General Electric's

replacement bulb business. At last check, shares of Cree were up $1.81 to $43.37, a gain of 4.35% on 100,000 shares this morning. Cree, Inc. develops and manufactures light emitting diode (

) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (

) products.