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15 Biggest Mid-Day Gainers For Monday

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  • TOP SHIPS Inc (NASDAQ: TOPS) shares surged 137 percent to $6.14 following strong earnings report on Friday. The company posted earnings of $0.08 per share for the first half of 2016, versus a year-ago loss of $2.74 per share.
  • Ionis Pharmaceuticals Inc (NASDAQ: IONS) shares jumped 40 percent to $40.48. Biogen and Ionis Pharmaceuticals evealed that nusinersen, their investigational treatment for spinal muscular atrophy (SMA), met the primary endpoint at interim analysis of the final stage of ENDEAR trial.
  • FleetMatics Group PLC (NYSE: FLTX) shares climbed 38.7 percent to $59.60 after Verizon Communications Inc. (NYSE: VZ) announced plans to buy Fleetmatics at $60 per share in cash.
  • Eyegate Pharmaceuticals Inc (NASDAQ: EYEG) shares jumped 34.2 percent to $2.71 after the company reported positive top-line data from Phase 1b/2a clinical trial of EGP-437 for the treatment of post-operative inflammation and pain in cataract surgery patients.

Foresight Energy LP (NYSE: FELP) shares rose 3.12 percent to $3.28.

  • Trina Solar Limited (ADR) (NYSE: TSL) shares gained 26.1 percent to $10.40 after the company reported that it has entered into an agreement to be taken private in $1.1 billion deal.
  • Patriot National Inc (NYSE: PN) rose 21.7 percent to $9.60 as Ebix Inc (NASDAQ: EBIX) raised its offer for Patriot National to $475 million.
  • Heron Therapeutics Inc (NASDAQ: HRTX) shares climbed 12.8 percent to $18.74 after the company reported top line results from two studies.
  • MeetMe Inc (NASDAQ: MEET) shares gained 11 percent to $7.14 after the company posted strong quarterly results.
  • Transocean Partners LLC (NYSE: RIGP) gained 10.2 percent to $12.03. Transocean LTD (NYSE: RIG) and Transocean Partners revealed Monday they have struck a deal whereby the former would buy all the outstanding units of the latter in a share-for-unit merger transaction. As a result, Transocean Partners would get 1.1427 shares of the company for every unit held.
  • Amarin Corporation plc (ADR) (NASDAQ: AMRN) shares surged 10 percent to $2.92 after rising 10.88 percent on Friday.
  • Cesca Therapeutics Inc (NASDAQ: KOOL) shares rose 8.9 percent to $4.55 after the FDA approved changes to critical limb ischemia trial.
  • Caesars Entertainment Corp (NASDAQ: CZR) shares gained 7.2 percent to $7.40 following announcement of sale of Playtika for $4.4 billion. A consortium, including an affiliate of Shanghai Giant Network Technology and private equity firm Yunfeng Capital, founded by Alibaba Group Holding Ltd (NYSE: BABA)’s Chairman Jack Ma, announced Staurday it has entered into a definitive agreement with Caesars Interactive Entertainment to acquire Playtika for $4.4 billion in cash.
  • First Data Corp (NYSE: FDC) rose 6.5 percent to $13.20 after the company announced better than expected earnings for the second quarter driven by health margin compression and lower interest costs.
  • Biogen Inc (NASDAQ: BIIB) rose 5.4 percent to $305.65. Biogen and Ionis Pharmaceuticals evealed that nusinersen, their investigational treatment for spinal muscular atrophy (SMA), met the primary endpoint at interim analysis of the final stage of ENDEAR trial.
 

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