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Morning Market Movers

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Spherix (NASDAQ: SPEX) rose 28.47% to $1.94. Spherix noted that the US Senate, and Senate Judiciary Committee Chairman Patrick Leahy (D-Vermont), removed the patent reform bill from the committee's calendar.

The Hillshire Brands Company (NYSE: HSH) shares jumped 20.91% to $44.76 on a $45.00 bid from Pilgrim's Pride (NASDAQ: PPC).

BioCryst Pharmaceuticals (NASDAQ: BCRX) soared 19.49% to $10.76 following the announcement of OPuS-1 Phase 2a trial meeting primary and secondary endpoints.

Aeropostale (NYSE: ARO) gained 9.09% to $3.72 after the company announced a $150 million financing transaction with Sycamore Partners.

Vringo (NASDAQ: VRNG) shares climbed 7.92% to $3.53. The rise in the stock may be attributed to Seeking Alpha post.

Advaxis (NASDAQ: ADXS) gained 7.12% to $2.74 after the company reported that its HER2 immunotherapy candidate has received Orphan Drug Designation for the treatment of osteosarcoma.

Lentuo International (NYSE: LAS) climbed 6.15% to $1.90 after the company announced management share purchase plan.

SeaDrill (NYSE: SDRL) shares gained 2.72% to $37.36 following Monday's announcement of co-operation agreement with Rosneft.

Posted-In: market moversNews Intraday Update Markets Movers

 

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