Best
1) Tasty Baking Company TSTY: Stock has jumped a resounding 146.58% to $3.97 after Flowers Foods FLO revealed plans to buy the company for $4 per share in an all-cash arrangement.
2) Global Crossing GLBC: Vaulting 76.16% to $26.22 after Level 3 Communications LVLT announced that it will acquire the company in an all-stock purchase (16 shares of Level 3 common stock for each share of Global Crossing common or preferred).
3) American Medical Systems AMMD: Surging 32.11% to $29.50 after agreeing to be acquired by Endo Pharmaceuticals ENDP for $30 a share. The deal is worth 2.9 billion.
4) Horizon Lines HRZ: Getting a 21.71% boost to $2.13. On Friday the company agreed to a settlement regarding business practices with Puerto Rico, which ended up being one-third of the original amount. The company is currently pursuing options to refinance its debt to avoid default.
5) China Housing & Land Development CHLN: Shares are popping 18.1% to $2.48
Worst
1) QuickLogic QUIK: Stock is currently plunging 16.02% to $4.09 after cutting its first-quarter revenue forecast.
2) Community Health Systems CYH: Shares are down 13.78% to $34.75 in early trading after being accused of violations of Federal Securities Laws in a lawsuit filed by Tenet Healthcare TCH.
3) Tenet Healthcare THC: Equity is taking a 7.42% hit to $6.97 after filing a lawsuit against Community Health Systems CYH.
4) 3D Systems TDSC: Currently down 7.5% to $52.58.
5) Allied Irish Banks AIB: Extreme price moves continue in this name as the stock is currently trading 6.41% to the downside at $3.65.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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