Morning Market Movers

Hastings Entertainment HAST surged 57.07% to $3.00 after the company announced its plans to merge with unit of Joel Weinshanker. Schawk SGK shares gained 33.20% to $19.62 after Matthews International MATW announced its plans to acquire Schawk for $20 per share. STAAR Surgical Company STAA shares jumped 22.45% to $18.82 after the company reported that the FDA voted in favor of Visian Toric Implantable Collamer Lens. Canaccord Genuity upgraded the stock from Hold to Buy and raised the price target from $14.00 to $20.00. Kandi Technolgies Group KNDI shares jumped 14.11% to $19.81 after the company reported fourth-quarter results. Kandi Technolgies posted its Q4 adjusted profit of $4.6 million on revenue of $50.60 million. JA Solar Holdings, Co JASO shares jumped 11.03% to $12.68 on strong quarterly earnings report. JA Solar reported its Q4 earnings of $0.16 per share on revenue of $357.30 million. SINA SINA shares climbed 10% to $71.05 on $500 million Weibo IPO filing. Hertz Global Holdings HTZ shares jumped 7.78% to $28.00 after the Financial Times reported on Friday that the company was close to a $4.5 billion spinoff of its equipment rentals division. Yahoo! YHOO rose 3.96% to $39.09 on announcement of Alibaba New York IPO.