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Morning Market Movers

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xG Technology (NASDAQ: XGTI) jumped 70% to $2.89 after the company announced a new patent award for interference mitigation techniques.

Astrotech (NASDAQ: ASTC) jumped 29.02% to $2.89 after Lockheed Martin (NYSE: LMT) announced its plans to buy Astrotech space operations business from Astrotech for $61 million.

Solazyme (NASDAQ: SZYM) climbed 17.04% to $11.40. Solazyme Bunge renewable oils plant has begun commercial production in Brazil.

The Hillshire Brands Company (NYSE: HSH) gained 15.78% to $51.88 following the announcement of $50.00 per share bid from Tyson Foods (NYSE: TSN).

Popeyes Louisiana Kitchen (NASDAQ: PLKI) surged 11.06% to $42.28 after the company reported upbeat Q1 results and raised its FY14 earnings forecast.

Palo Alto Networks (NYSE: PANW) jumped 10.56% to $76.85 after the company reported better-than-expected third-quarter results and said it settled patent dispute with Juniper Networks (NYSE: JNPR).

AmSurg (NASDAQ: AMSG) shares jumped 6.85% to $45.73 after the company announced its plans to buy Sheridan Healthcare for about $2.35 billion.

Abercrombie & Fitch Co (NYSE: ANF) rose 4.91% to $36.85 after the company reported a narrower-than-expected fiscal first-quarter loss.

Intercept Pharmaceuticals (NASDAQ: ICPT) shares gained 4.70% to $245.02 after the company announced the FDA Fast Track designation to obeticholic acid for the treatment of primary biliary cirrhosis.

Sanderson Farms (NASDAQ: SAFM) shares gained 3.82% to $91.01 after the company reported upbeat quarterly results.

Posted-In: market moversNews Intraday Update Markets Movers

 

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