Benzinga's Volume Movers (SVVS, LPLA, RLOC, SHOR)

SAVVIS Inc SVVS shares moved up 8.55% to $39.10 at 10:15 am. The volume of SVVS shares traded was 5564% higher than normal. CenturyLink CTL announced its plans to buy SVVS for $40 per share, or $2.5 billion in cash, plus net debt of about $0.7 billion. LPL Investment Holdings Inc LPLA shares rose 3.47% to $36.10. The volume of LPLA shares traded was 2305% higher than normal. LPLA priced its secondary offering of 6,212,724 shares of its common stock by certain minority stockholders at a price of $34.85 per share. ReachLocal Inc RLOC shares climbed 27.52% to $22.94. The volume of RLOC shares traded was 694% higher than normal. RLOC reported a 76% year-over-year rise in its Q1 revenue from its international operations. ShoreTel Inc SHOR shares gained 11.63% to $10.27. The volume of SHOR shares traded was 651% higher than normal. SHOR reported a 39% y/y jump in its FQ3 revenue. Read more from Benzinga's Markets.