Morning Market Movers
Orexigen Therapeutics Inc (NASDAQ: OREX) shares surged 70.07% to $2.50 at 9:45 am. OREX decided to revive development of its Contrave weight-loss pill.
Eastern Virginia Bankshares Inc (NASDAQ: EVBS) surged 15.85% to $2.85. EVBS shares have declined 25.00% over the past 52 weeks, while the S&P 500 index has gained 5.47% in the same period.
Allos Therapeutics Inc (NASDAQ: ALTH) shares advanced 15.24% to $1.89. ALTH had $109.47 million in total cash and no debt for the latest quarter. First United Corporation (NASDAQ: FUNC) climbed 14.89% to $4.40.
FUNC shares have dropped 19.71% over the past 52 weeks, while the S&P 500 index has gained 5.47% in the same period.
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