Market Overview

Morning Market Gainers

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The Phoenix Companies, Inc. (NYSE: PNX) shares surged 154.03 percent to $33.10. Nassau Reinsurance Group announced plans to acquire Phoenix Companies for $37.50 per share in cash.

Ceres Inc (NASDAQ: CERE) shares gained 41.40 percent to $1.40 following announcement of licensing of bioinformatics technology to KWS.

GSE Systems, Inc. (NYSE: GVP) rose 17.48 percent to $1.75 after the company reported that it has commenced a company-wide restructuring program.

Bill Barrett Corporation (NYSE: BBG) shares climbed 9.03 percent to $3.02 after the company announced plans to sell non-core Uinta Basin properties for $27 million after-tax cash. The company's FY15 guidance will reduce capital expenditure to $315 million-$325 million

Republic Airways Holdings Inc. (NASDAQ: RJET) shares jumped 7.94 percent to $5.71 after surging 81.79 percent on Monday. Deutsche Bank upgraded Republic Airways Holdings from Hold to Buy and raised the price target from $5.00 to $8.00.

Yahoo! Inc. (NASDAQ: YHOO) shares climbed 3.37 percent to $28.53. Yahoo announced on September 28 that its Board had authorized Yahoo to continue with its plan to spin-off Aabaco. SunTrust Robinson Humphrey maintained a Buy rating and price target of $40 on Yahoo.

Micron Technology, Inc. (NASDAQ: MU) shares gained 2.06 percent to $14.35. Wells Fargo upgraded Micron Technology from Market Perform to Outperform.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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