Market Overview

Morning Market Gainers

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WaferGen Bio-systems, Inc. (NASDAQ: WGBS) shares gained 50.66 percent to $2.29 on strong revenue guidance for the third quarter.

Journal Media Group Inc (NYSE: JMG) shares jumped 42.17 percent to $11.80 after Gannett Co Inc. (NYSE: GCI) agreed to acquire Journal Media for $280 million.

Mistras Group Inc (NYSE: MG) shares climbed 20.38 percent to $17.13 after the company reported better-than-expected results for its fiscal first quarter and announced a $50 million buyback program.

Educational Development Corporation (NASDAQ: EDUC) gained 24.09 percent to $7.98. Educational Development reported Q2 earnings of $0.16ps on sales of $12.6 million.

Mitel Networks Corp (NASDAQ: MITL) surged 16.81 percent to $8.20. Elliott management announced active stake in Mitel.

VIVUS, Inc. (NASDAQ: VVUS) gained 15.93 percent to $2.11 as Icahn Enterprises announced the expiration of tender offer for outstanding 4.50% convertible senior notes due 2020.

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) shares surged 14.44 percent to $44.55 as the company reported that its Phase III Kinect trial of NBI-98854 has met primary endpoint.

Novocure Ltd (NASDAQ: NVCR) shares gained 10.32 percent to $17.58. On Wednesday, NovoCure reported the closing of initial public offering.

Lumber Liquidators Holdings Inc (NYSE: LL) shares jumped 8.98 percent to $15.89 after the company announced it had reached a settlement with the Environment and Natural Resources Division of the Department of Justice related to the former's compliance with the Lacey Act, conservation law regarding the protection of plants and wildlife in the US.

Zumiez Inc. (NASDAQ: ZUMZ) shares gained 6.52 percent to $18.07 after the company reported sales data for September.

Polycom Inc (NASDAQ: PLCM) shares rose 4.28 percent to $11.93 following letter from Elliott management to board.

EMC Corporation (NYSE: EMC) rose 3.70 percent to $26.92. Privately-held Dell is reportedly in merger talks with EMC, according to Dow Jones.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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