Morning Market Movers

xG Technology XGTI jumped 70% to $2.89 after the company announced a new patent award for interference mitigation techniques. Astrotech ASTC jumped 29.02% to $2.89 after Lockheed Martin LMT announced its plans to buy Astrotech space operations business from Astrotech for $61 million. Solazyme SZYM climbed 17.04% to $11.40. Solazyme Bunge renewable oils plant has begun commercial production in Brazil. The Hillshire Brands Company HSH gained 15.78% to $51.88 following the announcement of $50.00 per share bid from Tyson Foods TSN. Popeyes Louisiana Kitchen PLKI surged 11.06% to $42.28 after the company reported upbeat Q1 results and raised its FY14 earnings forecast. Palo Alto Networks PANW jumped 10.56% to $76.85 after the company reported better-than-expected third-quarter results and said it settled patent dispute with Juniper Networks JNPR. AmSurg AMSG shares jumped 6.85% to $45.73 after the company announced its plans to buy Sheridan Healthcare for about $2.35 billion. Abercrombie & Fitch Co ANF rose 4.91% to $36.85 after the company reported a narrower-than-expected fiscal first-quarter loss. Intercept Pharmaceuticals ICPT shares gained 4.70% to $245.02 after the company announced the FDA Fast Track designation to obeticholic acid for the treatment of primary biliary cirrhosis. Sanderson Farms SAFM shares gained 3.82% to $91.01 after the company reported upbeat quarterly results.