Morning Market Movers

Technical Communications TCCO shares climbed 33.47% to $5.35 after the company announced a $3.3 million contract from the Government of Egypt for the company's DSD 72A-SP military bulk encryption systems, training and support. Sequenom SQNM shares jumped 31.97% to $4.03 on settlement of patent disputes with Illumina ILMN and agreement to pool noninvasive prenatal testing IP. Carbonite CARB rose 23.30% to $14.50 after the company confirmed the receipt of unsolicited proposal from J2 Global JCOM. MOL Global MOLG shares gained 17.81% to $4.30 session after jumping 115.98% on Tuesday. Lpath LPTN gained 14.58% to $2.75 after the company completed the enrollment in its Phase 2 clinical trial of iSONEP for wet age-related macular degeneration. Alico ALCO shares jumped 14.39% to $41.00 after the company announced the acquisition of three Florida citrus producers for total of approximately $363 million. G-III Apparel Group GIII shares surged 9.74% to $92.58 after the company reported better-than-expected results for the third quarter and raised its full-year forecast. The TJX Companies TJX shares rose 1.44% to $66.18. Goldman Sachs upgraded TJX from Neutral to Buy and raised the price target from $71.00 to $77.00.