Market Overview

Morning Market Gainers


Remy International, Inc. (NASDAQ: REMY) shares climbed 42.38 percent to $29.23 after the company agreed to be acquired by BorgWarner Inc. (NYSE: BWA) for $29.50 per share in cash.

Anacor Pharmaceuticals Inc (NASDAQ: ANAC) shares jumped 36.05 percent to $115.11 after announcing positive top-line results from atopic dermatitis studies.

OHR Pharmaceutical Inc (NASDAQ: OHRP) gained 26.25 percent to $2.87 as the company reported positive results of a Phase II clinical study for OHR-102 in retinal vein occlusion.

Markwest Energy Partners LP (NYSE: MWE) shares jumped 14.63 percent to $68.49 after the company agreed to be acquired by Marathon Petroleum MLP for $78.64 per share.

Applied Optoelectronics Inc (NASDAQ: AAOI) surged 12.74 percent to $19.07. Applied Optoelectronics reported preliminary Q2 sales of $49.6 million and raised its adjusted earnings outlook to a range of $0.36 to $0.38 per share.

Marathon Petroleum Corp (NYSE: MPC) climbed 8.52 percent to $59.13 as the company will continue as general partner of MPLX following the merger with Markwest Energy Partners LP (NYSE: MWE).

Groupon Inc (NASDAQ: GRPN) rose 3.55 percent to $5.01. Macquarie analyst Tom White upgraded Groupon from Neutral to Outperform, while reducing the price target from $7.75 to $7.

Dot Hill Systems Corp. (NASDAQ: HILL) shares surged 3.36 percent to $6.15 after the company updated its Q2 guidance. Dot Hill projected Q2 sales of $60.4 million to $60.8 million, and adjusted earnings of $0.06 per share.

Ethan Allen Interiors Inc. (NYSE: ETH) rose 1.50 percent to $28.38. Ethan Allen expects Q4 sales to drop 2.6 percent year-over-year and adjusted earnings of $0.42 to $0.43 per share.

Apple Inc. (NASDAQ: AAPL) shares gained 1.21 percent to $124.77. Societe Generale analyst Andy Perkins upgraded Apple from Hold to Buy, while maintaining a price target of $140.

Posted-In: Market GainersNews Intraday Update Markets Movers


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