Market Overview

Morning Market Gainers

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Universal Display Corp. (NASDAQ: OLED) shares jumped 19.79% to $33.78 following the announcement of patent license and supplemental material purchase agreements with LG.

Ocwen Financial Corp. (NYSE: OCN) shares jumped 15.75% to $7.35 following the announcement of a California settlement. Ocwen Financial shares tumbled on Friday.

MeadWestvaco Corporation (NYSE: MWV) shares surged 15.41% to $51.98. Rock-Tenn Company (NYSE: RKT) and MeadWestvaco agreed to a $16 billion merger. MeadWestvaco also reported upbeat earnings for the fourth quarter.

Lakes Entertainment Inc. (NASDAQ: LACO) shares gained 13.14% to $7.92. Lakes Entertainment and Golden Gaming announced a merger agreement.

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) shares rose 11.51% to $23.74 after dropping 10.77% on Friday.

ChinaNet Online Holdings, Inc. (NASDAQ: CNET) shares surged 9.51% to $2.25 following the announcement of launch of Business Direct 3.0 in cooperation with Baidu.

Regency Energy Partners LP (NYSE: RGP) rose 8.29% to $25.72. Energy Transfer Partners (NYSE: ETP) and Regency Energy Partners agreed to merge in an $18 billion unit-for-unit deal.

Rock-Tenn Company (NYSE: RKT) shares jumped 7.53% to $67.73. Rock-Tenn Company and MeadWestvaco agreed to a $16 billion merger. Rock-Tenn also reported better-than-expected earnings for the fiscal first quarter.

Rockwell Medical, Inc. (NASDAQ: RMTI) surged 6.94% to $11.56 on the FDA approval of Triferic.

HCA Holdings, Inc. (NYSE: HCA) shares gained 4.47% to $71.71. HCA Holdings will replace Safeway Inc (NYSE: SWY) in the S&P 500 following the close of trading on Monday.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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