Information provided by Theflyonthewall.com
Shares of Acme Packet
) surged 22.2% and traded at the $29.25 price it agreed to in a deal to be acquired by Oracle
). Several companies offering solutions in the same technology area advanced as well, particularly Sonus Networks
), which climbed over 13%.
Meanwhile, Oracle slid a bit more than 2% following the deal announcement.
Among companies reporting earnings this morning, Humana
) advanced while Gannett
Among the notable gainers was Cyberonics
), which rallied 8% after a former employee dropped a lawsuit against the company. Also higher were shares of Brown & Brown
), which rose 5.5% after it reported quarterly results after the bell Friday and was upgraded to "outperform" at Raymond James this morning.
Among the noteworthy losers were Youku Tudou
), which fell over 6% after Maxim downgraded shares to a "sell" rating, and Credit Suisse
), down nearly 6% as well following an initiation of coverage with a "hold" rating at Canaccord.