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Morning Market Movers

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Technical Communications (NASDAQ: TCCO) shares climbed 33.47% to $5.35 after the company announced a $3.3 million contract from the Government of Egypt for the company's DSD 72A-SP military bulk encryption systems, training and support.

Sequenom (NASDAQ: SQNM) shares jumped 31.97% to $4.03 on settlement of patent disputes with Illumina (NASDAQ: ILMN) and agreement to pool noninvasive prenatal testing IP.

Carbonite (NASDAQ: CARB) rose 23.30% to $14.50 after the company confirmed the receipt of unsolicited proposal from J2 Global (NASDAQ: JCOM).

MOL Global (NASDAQ: MOLG) shares gained 17.81% to $4.30 session after jumping 115.98% on Tuesday.

Lpath (NASDAQ: LPTN) gained 14.58% to $2.75 after the company completed the enrollment in its Phase 2 clinical trial of iSONEP for wet age-related macular degeneration.

Alico (NASDAQ: ALCO) shares jumped 14.39% to $41.00 after the company announced the acquisition of three Florida citrus producers for total of approximately $363 million.

G-III Apparel Group (NASDAQ: GIII) shares surged 9.74% to $92.58 after the company reported better-than-expected results for the third quarter and raised its full-year forecast.

The TJX Companies (NYSE: TJX) shares rose 1.44% to $66.18. Goldman Sachs upgraded TJX from Neutral to Buy and raised the price target from $71.00 to $77.00.

Posted-In: market moversNews Intraday Update Markets Movers

 

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