Morning Market Movers

Giga-tronics GIGA shares gained 35.54% to $1.64 after the company reported that it has completed a multi-year agreement with a major aerospace company to develop a variant of its high performance fast tuning YIG filters for a third aircraft platform.. NPS Pharmaceuticals NPSP jumped 19.79% to $37.29 following Friday's rumored bid from Shire SHPG. Protective Life PL shares gained 15.16% to $60.23. Dai-ichi Life DCNSF is in talks to acquire Protective Life, according to a source as reported by Nikkei Business Daily via Reuters. EveryWare Global EVRY rose 14.54% to $1.26 after the company provided an update on credit agreements. Ariad Pharmaceuticals ARIA jumped 12.38% to $7.26 following the report of positive Iclusig data at the 2014 American Society of Clinical Oncology. Broadcom BRCM shares gained 11.95% to $35.68 after the company announced its plans to explore options for cellular baseband business. Conn's CONN climbed 10.27% to $51.43 after the company reported better-than-expected first-quarter earnings. American Realty Capital Healthcare Trust HCT surged 8.54% to $10.80 after Ventas VTR announced its plans to acquire American Realty Capital Healthcare for $2.6 billion in stock and cash. Omeros OMER rose 6.42% to $12.44 after the company received the FDA approval of Omidria for use in cataract and other intraocular lens replacement procedures. Pharmacyclics PCYC shares jumped 5.62% to $93.82 on positive IMBRUVICA data presented at the American Society of Clinical Oncology.