Morning Market Movers

NewLead Holdings (NASDAQ: NEWL) climbed 35.49% to $2.64 after surging 209.72% on Monday.

Aeroflex Holding (NYSE: ARX) shares jumped 25.74% to $10.45 after the company agreed to be acquired by Cobham plc for $10.50 per share, or $1.46 billion.

Ophthotech (NASDAQ: OPHT) shares jumped 21.93% to $38.36 after the company reported that it has entered into an ex-US licensing and commercialization deal with Novartis Pharmaceuticals.

Spanish Broadcasting System (NASDAQ: SBSA) surged 11.13% to $5.79 after the company announced the transfer of listing to the NASDAQ Global Market.

Red Robin Gourmet Burgers (NASDAQ: RRGB) gained 7.69% to $68.76 after the company reported better-than-expected quarterly results.

Clovis Oncology (NASDAQ: CLVS) rose 7.47% to $61.01 after the company reported that it has received breakthrough therapy designation for CO-1686.

Dendreon (NASDAQ: DNDN) gained 6.54% to $2.28 after the company announced the presentation of PROVENGE ProACT and IMPACT studies data.

Tarena International (NASDAQ: TEDU) shares climbed 4.30% to $8.41 after the company reported Q1 earnings of $0.01 per share on revenue of $24.30 million.

Arena Pharmaceuticals (NASDAQ: ARNA) shares jumped 2.38% to $6.66 on rumored report of potential Eisai bid.

AstraZeneca PLC (NYSE: AZN) gained 1.93% to $72.00 on investor call for talks with Pfizer (NYSE: PFE).