Market Overview

12 Biggest Mid-Day Gainers For Monday

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  • American Farmland Co (NYSE: AFCO) shares surged 21 percent to $7.31 after Farmland Partners Inc (NYSE: FPI) agreed to merge with American Farmland Company.
  • TransAtlantic Petroleum Ltd (NYSE: TAT) shares rose 20.6 percent to $1.23. TransAtlantic Petroleum shares have tumbled 63.31 percent over the past 52 weeks, while the S&P 500 index has gained 8.95 percent in the same period.
  • Raptor Pharmaceutical Corp. (NASDAQ: RPTP) surged 20.2 percent to $8.95 after Horizon Pharma plc (NASDAQ: HZNP) agreed to acquire Raptor Pharmaceutical for $9 per share in cash.
  • Caesarstone Ltd (NASDAQ: CSTE) rose 14 percent to $40.72. Caesarstone shares have declined 8.97 percent over the past 52 weeks, while the S&P 500 index has gained 8.95 percent in the same period.
  • Syntel, Inc. (NASDAQ: SYNT) shares gained 10.8 percent to $45.08. Syntel announced a special dividend of $15 per share.
  • Foamix Pharmaceuticals Ltd (NASDAQ: FOMX) shares jumped 10.6 percent to $9.72 as the company disclosed that it has met primary and secondary endpoints in Phase 2 FMX103 study.
  • Open Text Corp (USA) (NASDAQ: OTEX) shares surged 8.3 percent to $64.75. Dundee upgraded Open Text from Neutral to Buy.
  • Novocure Ltd (NASDAQ: NVCR) shares climbed 7.8 percent to $8.72 in pre-market trading. Novocure announced that the long-term survival analysis of all 695 patients enrolled in its phase 3 pivotal EF-14 trial in newly diagnosed glioblastoma confirms superior progression free and overall survival seen in the trial’s interim Analysis.
  • Cytosorbents Corp (NASDAQ: CTSO) shares gained 9.4 percent to $5.75. Terumo Cardiovascular Group and CytoSorbents entered into a multi-country strategic partnership.
  • Perrigo Company plc (NYSE: PRGO) gained 5.4 percent to $93.52. Perrigo Company acknowledged the receipt of a letter from Starboard Value LP, which disclosed 4.6 percent stake in the company. The company indicated it would review and would look ahead for a productive discussion with the activist investor.
  • Pandora Media Inc (NYSE: P) rose 4.4 percent to $14.23. SunTrust Robinson Humphrey upgraded Pandora from Neutral to Buy.
  • Novo Nordisk A/S (ADR) (NYSE: NVO) gained 2.7 percent to $45.23. Deutsche Bank upgraded Novo Nordisk from Hold to Buy.

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

 

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