Market Overview

Morning Market Movers

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Gentiva Health Services (NASDAQ: GTIV) jumped 65.11% to $14.10 after the company received proposal to be acquired by Kindred Healthcare (NYSE: KND) for $14.00 per share.

Clovis Oncology (NASDAQ: CLVS) shares climbed 10.40% to $56.40 on announcement of presentation of clinical data as ASCO.

Pernix Therapeutics Holdings (NASDAQ: PTX) rose 8.77% to $6.08. Needham upgraded Pernix Therapeutics from Buy to Strong Buy.

Northwest Biotherapeutics (NASDAQ: NWBO) shares gained 8.59% to $6.45 on positive data from DCVax-Direct trial.

Cisco Systems (NASDAQ: CSCO) rose 6.71% to $24.34 as the company reported stronger-than-expected fiscal third-quarter results. Cisco reported adjusted earnings of $0.51 per share on revenue of $11.55 billion. However, analysts were projecting earnings of $0.48 per share on revenue of $11.36 billion..

EDAP TMS SA (NASDAQ: EDAP) climbed 6.11% to $3.30 after the company reported Q1 earnings of $0.05 per share.

Tower Semiconductor (NASDAQ: TSEM) surged 5.91% to $8.95 after the company reported its Q1 earnings of $0.81 per share on revenue of $132.70 million and issued a strong Q2 revenue forecast.

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