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Morning Market Movers

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Digital Power (NYSE: DPW) shares surged 31.99% to $1.65 after the company announced a $2 million defense order.

Galmed Pharmaceuticals (NASDAQ: GLMD) gained 29.62% to $9.89. On Friday, Galmed Pharma reported a first-half net loss of $3.9 million, versus a year-ago net loss of $1.6 million.

Family Dollar Stores (NYSE: FDO) shares climbed 22.82% to $74.50 after Dollar Tree (NASDAQ: DLTR) announced its plans to buy Family Dollar for $8.5 billion.

xG Technology (NASDAQ: XGTI) shares jumped 21.97% to $2.72 following the announcement of award of subcontract by CACI International (NYSE: CACI).

TGC Industries (NASDAQ: TGE) rose 18.28% to $5.50 after the company reported a Q2 loss of $0.18 per share on revenue of $18.20 million.

Trulia (NYSE: TRLA) gained 12.42% to $63.35 after Zillow (NASDAQ: Z) announced its plans to buy Trulia for $3.5 billion in stock.

El Pollo Loco Holdings (NASDAQ: LOCO) shares surged 11.44% to $26.78 after jumping 60.20% on Friday.

Dollar Tree (NASDAQ: DLTR) rose 9.22% to $59.22 on acquisition news.

Tyson Foods (NYSE: TSN) gained 4% to $41.12 after the company reported upbeat third-quarter revenue and announced its plans to sell its Mexican and Brazilian chicken businesses for $575 million. The company reported weaker-than-expected quarterly net income and announced an offering of 24 million Class A shares.

Posted-In: market moversNews Intraday Update Markets Movers

 

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