Market Overview

Morning Market Gainers

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Quality Distribution Inc (NASDAQ: QLTY) shares jumped 61.53 percent to $15.83 after the company agreed to be acquired by Funds Advised by Apax Partners for $16.00 per share in an all cash deal.

Gevo, Inc. (NASDAQ: GEVO) shares surged 42.89 percent to $3.50 following the announcement of a deal with Alaska Air Group, Inc. (NYSE: ALK).

BioTelemetry, Inc. (NASDAQ: BEAT) gained 21.28 percent to $9.69 on upbeat Q1 earnings.

MER Telemanagement Solutions Ltd. (NASDAQ: MTSL) rose 20.16 percent to $2.20. MER Telemanagement Solutions reported a Q1 loss of $0.05 per share on revenue of $1.833 million.

Tower International Inc (NYSE: TOWR) shares gained 13.05 percent to $28.59 after the company reported better-than-expected Q1 earnings.

Plasmatech Biopharmaceuticals Inc (NASDAQ: PTBI) rose 12.05 percent to $9.64. Plasmatech Biopharmaceuticals shares jumped Wednesday following the announcement of Abeona Therapeutics acquisition.

Qorvo Inc (NASDAQ: QRVO) shares climbed 8.12 percent to $74.67 after the company reported stronger-than-expected quarterly results.

Alibaba Group Holding Limited (NYSE: BABA) shares gained 9.44 percent to $87.55 after the company reported stronger-than-expected results for the fourth quarter.

Yahoo! Inc. (NASDAQ: YHOO) shares rose 6.75 percent to $44.47 after Alibaba reported strong quarterly results.

Gogo Inc (NASDAQ: GOGO) shares climbed 5.38 percent to $21.92 after the company reported a narrower-than-expected Q1 loss.

Zynga Inc (NASDAQ: ZNGA) shares surged 4.98 percent to $2.74 after the company reported better-than-expected results for the first quarter and announced its plans to lower around 18 percent of its workforce by the end of the year.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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