Market Overview

Morning Market Gainers

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Nuverra Environmental Solutions, Inc. (NYSE: NES) shares surged 26.92% to $3.96 after Clean Harbors (NYSE: CLH) announced its plans to acquire Nuverra's subsidiary Thermo Fluids for $85 million in cash.

Entropic Communications, Inc. (NASDAQ: ENTR) shares jumped 11.48% to $3.01 after MaxLinear (NYSE: MXL) agreed to acquire Entropic. Entropic Communications reported Q4 loss of $0.28 on revenue of $42.6 million. Credit Suisse upgraded Entropic from Underperform to Neutral and raised the price target from $2.75 to $3.00.

Viggle Inc. (NASDAQ: VGGL) shares rose 10.37% to $2.77 on report of strong revenue and subscriber growth.

ClickSoftware Technologies Ltd. (NASDAQ: CKSW) shares gained 8.37% to $7.64 after the company reported better-than-expected earnings for the fourth quarter.

Barrett Business Services Inc. (NASDAQ: BBSI) surged 8.14% to $32.80 after the company reported Q4 earnings of $0.97 per share.

J M Smucker Co (NYSE: SJM) shares rose 7.13% to $113.43 after the company announced its plans to to buy Big Heart Pet Brands in a $5.8 billion deal.

The Walt Disney Company (NYSE: DIS) shares rose 6.15% to $99.89 after the company reported stronger-than-expected earnings for its first fiscal quarter.

Cognizant Technology Solutions Corporation (NASDAQ: CTSH) gained 5.15% to $57.94 after the company reported stronger-than-expected results for the fourth quarter.

General Motors Company (NYSE: GM) shares climbed 3.59% to $35.20 after the company reported stronger-than-expected earnings for the fourth quarter.

Office Depot, Inc.(NASDAQ: ODP) shares climbed 3.13% to $9.57 after Staples, Inc. (NASDAQ: SPLS) announced the acquisition of Office Depot for $11.00 per share.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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