Market Overview

Morning Market Gainers

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eLong, Inc. (ADR) (NASDAQ: LONG) shares jumped 30.76 percent to $27.00 following the announcement of Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) stake. Ctrip acquired a 37.6 percent equity stake in eLong.

Oncothyreon Inc (USA) (NASDAQ: ONTY) shares climbed 25.50 percent to $3.15 after gaining 3.72 percent on Thursday. The rise in the shares may be attributed to positive comments from TheStreet's Adam Feuerstein.

Autobytel Inc. (NASDAQ: ABTL) shares surged 24.49 percent to $16.99 after the company reported that it has acquired Dealix Corporation and Autotegrity, Inc. for $25 million. Autobytel expected FY 2015 adjusted earnings of $1.21 to $1.27 per share and revenue of $128 million to $132 million.

Frisch's Restaurants, Inc. (NYSE: FRS) shares rose 18.95 percent to $33.45 after the company agreed to be acquired by an affiliate of NRD Partners I, L.P. for $34.00 per share in cash.

Eagle Rock Energy Partners, L.P. (NASDAQ: EROC) shares gained 13.88 percent to $2.79 after the company agreed to be acquired by Vanguard Natural Resources, LLC (NASDAQ: VNR).

AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) shares rose 13.45 percent to $2.53 after jumping 39.38 percent on Thursday.

Synergy Pharmaceuticals Inc (NASDAQ: SGYP) shares surged 4.66 percent to $4.49 after rising 7.25 percent on Thursday. Canaccord Genuity initiated coverage on Synergy Pharmaceuticals with a Buy rating and a $11.00 price target.

Deere & Company (NYSE: DE) gained 3.79 percent to $92.85 after the company reported stronger-than-expected earnings for the fiscal second quarter and lifted its full-year earnings forecast.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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