Market Overview

Morning Market Movers

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bluebird bio (NASDAQ: BLUE) jumped 52.24% to $39.72 following the presentation of positive data on LentiGlobin BB305 at the European Hematology Association (EHA).

Covidien plc (NYSE: COV) shares climbed 27.76% to $92.01 after Medtronic (NYSE: MDT) announced its plans to buy Covidien for $42.9 billion in cash and stock.

Fusion-io (NYSE: FIO) gained 22.85% to $11.40 after SanDisk (NASDAQ: SNDK) announced its plans to buy Fusion-io for $11.25 per share in cash.

Achillion Pharmaceuticals (NASDAQ: ACHN) shares surged 17.11% to $7.58 after Maxim Group analyst Jason Kolbert raised the price target on Achillion from $6.00 to $22.00.

Astea International (NASDAQ: ATEA) climbed 16.50% to $2.40 after the company announced a 2-year revolving line of credit from Silicon Valley Bank for $3 million.

Williams Companies (NYSE: WMB) shares surged 16.28% to $54.86 following the announcement of acquisition of Global Infrastructure Partners' GP and LP interests in Access Midstream Partners for $5.995 billion.

DARA BioSciences (NASDAQ: DARA) climbed 15.18% to $1.29 after the company reported that KRN5500 has won the FDA's Orphan Drug Designation.

TW Telecom (NASDAQ: TWTC) gained 11.20% to $40.41 after the company agreed to be acquired by Level 3 Communications (NYSE: LVLT) in a stock-and-cash transaction valued at $40.86 per share.

Limelight Networks (NASDAQ: LLNW) climbed 6.54% to $3.02 following the announcement of $6.55 per share bid from PE firm Tuition Build.

Motorcar Parts of America (NASDAQ: MPAA) climbed 5.37% to $25.11 on upbeat Q4 earnings. The company reports its quarterly earnings of $0.43 per share on revenue of $76.70 million.

Sequenom (NASDAQ: SQNM) rose 5.23% to $3.22 after the company reported the US FDA premarket clearance to market two tests.

Compugen (NASDAQ: CGEN) shares increased 3.42% to $8.46 after the company reported positive experimental results for novel checkpoint candidate CGEN-15052.

Medtronic (NYSE: MDT) shares rose 3.08% to $62.57 after the company announced its plans to buy Covidien.

Newcastle Investment (NYSE: NCT) rose 2.56% to $5.01 after the company announced its plans to spin-off its senior housing unit.

Violin Memory (NYSE: VMEM) gained 2.53% to $4.05 following the deal between SanDisk and Fusion-io.

Posted-In: market moversNews Intraday Update Markets Movers

 

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