Morning Market Movers

Local LOCM moved up 29.27% to $2.12 after the company reported that it has signed an agreement with Microsoft MSFT to provide location-based local product data for Bing. Prospect Global Resources PGRX jumped 25.95% to $2.71. Prospect Global Resources announced a 50-for-1 reverse stock split. Envivio ENVI rose 25.71% to $3.52 on Q2 results. Kaydon KDN shares jumped 22.89% to $35.51 after the company agreed to be acquired by SKF for $35.50 per share in cash.