Morning Market Movers

Flagstar Bancorp FBC shares advanced 895.80% to $11.85 at 9:45 am. Flagstar announced a one-for-ten reverse stock split. Tenet Healthcare THC surged 304.52% to $24.15. Tenet Healthcare announced a one-for-four stock split of its common stock. Clearwire CLWR surged 25.39% to $1.6301. Japan's Softbank SFTBY is in talks to acquire a majority stake in Sprint Nextel S. DragonWave DRWI climbed 20.91% to $2.66. DragonWave reported a rise in its Q2 revenue.