Mid-Day Market Movers (OICO, CDII, CGL-A, ZUMZ)

O I Corporation OICO jumped 46.43% to $12.30 at 10:14 am. ITT Corporation ITT has entered into a definitive agreement with OICO to acquire all the outstanding shares of OICO for around $29 million. China Direct Industries Inc CDII climbed 25.24% to $1.29.CDII's subsidiary, CDI Beijing International Trading Co Ltd has received a contract for about $70 million from Beijing Tianrun Construction Co Ltd for its basic materials segment. Cagle's Inc CGL shares advanced 20.00% to $7.80. CGL-A's quarterly earnings surged 171.10% y/y. Zumiez Inc ZUMZ shares surged 13.96% to 19.84. ZUMZ has issued upbeat projections for the third-quarter. Read more from Benzinga's Company news.