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Morning Market Movers

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Peerless Systems Corp. (NASDAQ: PRLS) shares jumped 26.72% to $6.82 after the company agreed to be acquired by Mobius Acquisition, LLC for $7.00 per share in cash.

Vanda Pharmaceuticals, Inc. (NASDAQ: VNDA) shares climbed 22.42% to $14.58 after the company announced its plans to acquire rights to Phase II clinical compound from Novartis (NYSE: NVS). Novartis will purchase $25 million of Vanda common stock.

NQ Mobile Inc. (NYSE: NQ) shares climbed 21.10% to $4.19 following news that the company has authorized an $80 million share buyback program.

China Finance Online Co., Ltd. (NASDAQ: JRJC) shares rose 14.87% to $6.11 following Q3 earnings. China Finance Online reported a Q3 loss of $0.11 per share on revenue of $21.10 million.

Cytokinetics, Incorporated (NASDAQ: CYTK) shares gained 8.78% to $5.33 after the company announced an expansion deal for the development of CK-2127107.

Chesapeake Energy Corporation (NYSE: CHK) shares gained 5.37% to $19.41 after the company announced a $1 billion buyback plan. The company also closed the sale of Southern Marcellus and Utica Shale assets for net proceeds of $4.975 billion.

GoPro, Inc. (NASDAQ: GPRO) shares rose 5.07% to $60.94 following Monday's 7.61% gain. Shares surged amid a positive research note from Wedbush.

Radian Group Inc. (NYSE: RDN) shares rose 2.83% to $16.74 after the company announced its plans to sell its Radian Asset Assurance subsidiary to Assured Guaranty Ltd. (NYSE: AGO) for $810 million in cash.

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