Market Overview

10 Biggest Mid-Day Gainers For Thursday

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  • Skypeople Fruit Juice Inc (NASDAQ: SPU) shares surged 59.9 percent to $4.70.
  • Ocean Power Technologies Inc (NASDAQ: OPTT) shares jumped 29.7 percent to $3.80. Ocean Power Technologies reported the deployment of its first commercially designed PB3 PowerBuoy.
  • Harsco Corporation (NYSE: HSC) shares climbed 12.6 percent to $9.06 after the company raised its Q2 adjusted operating income outlook.
  • Cree, Inc. (NASDAQ: CREE) shares surged 12.4 percent to $28.18. Cree and German-based Infineon Technologies revealed Thursday that they struck a definitive agreement enabling the German firm to acquire the Wolfspeed Power and RF division of Cree for $850 million cash.
  • Cypress Semiconductor Corporation (NASDAQ: CY) shares gained 4.7 percent to $11.40 as Betaville reported that the company had rejected an offer of $14.00 per share from Summitview Capital, according to sources. Cypress is said to be looking for $15.00 per share is working with Goldman Sachs on exploring strategic options, the sources said.
  • Interval Leisure Group, Inc. (NASDAQ: IILG) gained 4.5 percent to $17.90. MKM Partners upgraded Interval Leisure Group from Neutral to Buy.
  • Qihoo 360 Technology Co Ltd (NYSE: QIHU) rose 4.3 percent to $76.68. Sources citing Bloomberg suggest a notice on Qihoo showing that the stock will be delisted from the NYSE on July 18th. However, NYSE sites do not reflect that notice.
  • Yum! Brands, Inc. (NYSE: YUM) shares gained 3.4 percent to $88.64 as the company reported better-than-expected Q2 earnings and raised its full-year core operating profit growth guidance.
  • Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) gained 3.2 percent to $1.65. Eisai and Arena Pharma reported the regulatory approval of VENESPRI in Mexico.
  • JPMorgan Chase & Co. (NYSE: JPM) shares rose 2 percent to $64.39 after the bank reported better-than-expected Q2 earnings.

Posted-In: Mid-Day MoversNews Intraday Update Markets Movers

 

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