Afternoon Movers; Europe Controls Market Movements

Seaspan Corp SSW +16.2% after announcing that it will buy out Seaspan Management Services in an all-stock transaction

Cabot Microelectronics Corp CCMP +15% after ramping up its stock repurchase program and issuing a special dividend of $15 per share

GeoEye GEOY +10.5% on heavy volume

Endocyte ECYT -66.1% after trials of its ovarian cancer drug were inconclusive

Ivanhoe Mines IVN -22.9% after losing legal hearings to Rio Tinto

K12 Inc LRN -23.9% after disappointing performance in the Delaware Market