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Dot Hill Systems Corp. (NASDAQ: HILL) shares jumped 87.07 percent to $9.69 as the company agreed to be acquired by Seagate Technology PLC (NASDAQ: STX) for $9.75 per share in cash.

Corbus Pharmaceuticals Holdings Inc (NASDAQ: CRBP) surged 40.43 percent to $2.64 on the FDA Fast Track Designation for its investigational drug Resunab and insider buys.

Gevo, Inc. (NASDAQ: GEVO) shares gained 13.76 percent to $2.57. Analysts at H.C. Wainwright initiated coverage on Gevo with a Buy rating and a target price of $5.

Photronics, Inc. (NASDAQ: PLAB) shares rose 14.06 percent to $8.84 on better-than-expected Q3 results.

Eltek Ltd. (NASDAQ: ELTK) shares climbed 5.77 percent to $1.10 after the company reported that it has received orders amounting to $1.1 million from three U.S. customers in the medical device sector.

Target Corporation (NYSE: TGT) shares gained 4.91 percent to $84.24 after the company reported upbeat Q2 earnings and raised its 2015 profit forecast.

Analog Devices, Inc. (NASDAQ: ADI) shares surged 4.13 percent to $60.29 after the company reported better-than-expected results for its fiscal third quarter.

Baozun Inc (ADR) (NASDAQ: BZUN) shares gained 3.56 percent to $8.15. Baozun reported Q2 non-GAAP earnings per ADS of RMB0.24 (US$0.04), and revenue of RMB517.6 million (US$83.5 million).

Hormel Foods Corp (NYSE: HRL) shares climbed 1.83 percent to $61.63 after the company reported better-than-expected earnings for its fiscal third quarter and raised its earnings outlook for the full year.

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