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Morning Market Movers


Skilled Healthcare Group (NYSE: SKH) shares surged 28.46% to $7.90 after the company reported that it has agreed to combine with Genesis HealthCare in an all-stock transaction.

GSI Technology (NASDAQ: GSIT) shares jumped 22.06% to $ 6.03 after GigOptix (NYSE: GIG) proposed to buy GSI Tech for $6.50 per share.

China HGS Real Estate (NASDAQ: HGSH) gained 14.45% to $3.96 after the company signed its first shanty area rebuilding project agreement.

American Woodmark (NASDAQ: AMWD) shares rose 13.63% to $35.60 on upbeat quarterly results.

Aeropostale (NYSE: ARO) climbed 10.49% to $3.58 after the company raised its Q2 guidance and announced a management change. Aeropostale announced that Julian Geiger would take over as CEO, replacing Thomas Johnson.

Cheetah Mobile (NYSE: CMCM) shares surged 10.07% to $29.61 on strong quarterly earnings.

Dick's Sporting Goods (NYSE: DKS) shares jumped 6.83% to $46.48 after the company reported upbeat fiscal-second quarter profit.

MediciNova (NASDAQ: MNOV) rose 6.06% to $2.10 after the company announced positive interim results of Phase 2a study of MN-166 in opioid dependence.

The Home Depot (NYSE: HD) climbed 4.22% to $87.12 after the company reported better-than-expected second-quarter earnings and lifted its 2014 earnings outlook.

PDL BioPharma (NASDAQ: PDLI) rose 3.76% to $9.67 after the company reported upbeat quarterly results.


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