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Morning Market Movers

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Prospect Global Resources (NASDAQ: PGRX) moved up 37.10% to $5.09 after Sichuan Chemical issued $20 million strategic investment letter of intent to prospect Global Resources.

Metrocorp Bancshares (NASDAQ: MCBI) jumped 28.11% to $13.90 after East West Bancorp (NASDAQ: EWBC) announced its plans to acquire MetroCorp for $273 million.

China Information Technology (NASDAQ: CNIT) shares jumped 17.23% to $5.24. China Information shares have jumped 269.42% over the past 52 weeks, while the S&P 500 index has gained 18.17% in the same period.

Rite Aid (NYSE: RAD) rose 14.81% to $4.26 after the company posted a profit in its fiscal second quarter.

 

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Posted-In: Morning Market MoversNews Intraday Update Markets Movers

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