Morning Market Movers

Dean Foods Company DF jumped 96.48% to $19.00 after the company announced the effectiveness of its 1-for-2 reverse stock split. Catalyst Pharmaceutical Partners CPRX moved up 49.29% to $2.12 after the company received Breakthrough Therapy Designation from the FDA for Firdapse for the treatment of LEMS. Hi-Tech Pharmacal Co HITK rose 23.23% to $43.39 after Akorn AKRX announced its plans to acquire the company for $640 million. Alexco Resource AXU shares jumped 19.14% to $2.36. Alexco Resource shares have dropped 44.69% over the past 52 weeks, while the S&P 500 index has gained 17.56% in the same period.