Market Overview

Afternoon Market Gainers

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Leap Wireless (NASDAQ: LEAP) skyrocketed 112.28 percent to $16.94. The volume of Leap Wireless shares traded was 5019 percent higher than normal. AT&T (NYSE: T) agreed to buy Leap Wireless for around $1.19 billion in cash.

Inteliquent (NASDAQ: IQNT) soared 32.18 percent to $8.05 on better fiscal year guidance.

Taylor Capital (NASDAQ: TAYC) popped 21.28 percent to $21.60 after MB Financial (NASDAQ: MBFI) announced its plans to acquire Taylor Capital for $680 million.

LDK Solar (NYSE: LDK) jumped 18.06 percent to $1.70 after the company announced the sale of 25,000,000 newly issued ordinary shares of LDK Solar to Fulai Investments Limited, at a purchase price of $1.03 per share with an aggregate purchase price of $25,750,000, pursuant to the share purchase agreement dated April 25, 2013.

JonkSolar (NYSE: JKS) gained 16.31 percent to $11.86 after the company announced that it has supplied 25.8 MW of high-efficient solar PV modules to the first private solar park in India.

Suntech Power (NYSE: STP) popped 16.84 percent to $1.35.

Canadian Solar (NASDAQ: CSIQ) gained 13.77 percent to $13.14 after Lazard Capital Markets upgraded the company to a Buy rating.

Trina Solar Limited (NYSE: TSL) traded up 11.94 percent to $7.69 after the company announced that it has received the new International Electrotechnical Commission (IEC) 61730-2 standard certification with Class A Fire Safety from TUV Rheinland for its new frameless PDG5 module.

Revolution Lighting Technologies (NASDAQ: RVLT) popped 12.16 percent to $4.98 after the company announced its latest international retrofit installation project with Gasolineras Don Justo, a group of 11 gas stations and a subdivision of the largest gas station chain in Mexico, owned and operated by the Mexican government with thousands of locations throughout the country.

Posted-In: News Guidance Intraday Update Markets Movers


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