Market Overview

Morning Market Gainers

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Synthesis Energy Systems, Inc. (NASDAQ: SYMX) shares jumped 83.33 percent to $1.98 following the announcement of John Paulson stake.

Can Fite Biopharma Ltd (ADR) (NYSE: CANF) shares gained 29.96 percent to $2.82 on positive results from further analysis of its Phase II/III psoriasis trial.

Ibio Inc (NYSE: IBIO) rose 16.93 percent to $1.25. Ibio has begun production of IBIO-CFB03 for clinical development with Caliber Biotherapeutics.

Aehr Test Systems (NASDAQ: AEHR) shares surged 15.94 percent to $2.40 after the company announced a $6 million order for a FOX-15 Multi-Wafer Test and Burn-In System.

TrueCar Inc (NASDAQ: TRUE) shares rose 5.70 percent to $16.51. TrueCar is expected to announce Q1 financial results on Thursday, May 7th. TrueCar expected a 6.1% gain in new vehicle sales for April.

Vale SA (ADR) (NYSE: VALE) gained 4.92 percent to $8.31 following a report that the company has selected Barclays to advise on Australian asset sale.

Perfect World Co., Ltd. (ADR) (NASDAQ: PWRD) shares surged 3.67 percent to $19.20 as the company entered into an agreement for going private transaction for $20.20 an ADS.

IGATE Corp (NASDAQ: IGTE) shares rose 3.36 percent to $47.39 after Cap Gemini announced its plans to buy IGATE for $4 billion.

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