Morning Market Movers

EMCORE EMKR shares jumped 34.50% to $5.77 after the company announced sale of Space PV to Veritas Capital for $150 million in cash. 22nd Century Group XXII shares gained 15.56% to $2.97 after the company reported that it has closed $10 million private placement and entered cannabis space. VIVUS VVUS shares rose 12.96% to $4.38 after VIVUS and Auxilium AUXL announced the FDA approval Oof STENDRA sNDA. LiveDeal LIVE surged 11.44% to $3.70 after the company reported that the deal to purchase ModernEveryday.com will add $10 million in annual sales. Biostar Pharmaceuticals BSPM climbed 11.38% to $1.86 after the company said patent application for Oleanolic acid injection, new drug product for hepatitis B and liver cancer, has passed preliminary examination PRC State Intellectual Property Bureau. Penn West Petroleum PWE jumped 9.27% to $7.66 after the company reported Q2 GAAP EPS of C$0.29 on gross revenue of C$650.0 million and announced results of internal review of accounting practices. Tokai Pharmaceuticals TKAI shares gained 7.15% to $25.46 after rising 58.40% on Wednesday. The company priced its initial public offering of 6,480,000 shares at a public offering price of $15.00 per share. ConAgra Foods CAG climbed 3.69% to $33.19 after the company reported stronger-than-expected fiscal first quarter earnings. Ericsson ERIC shares rose 3.08% to $13.04 after the company announced its plans to shut down its modem business. Herman Miller MLHR shares jumped 3.05% to $31.81 after the company reported upbeat fiscal first-quarter revenue and issued a strong forecast. SodaStream International SODA gained 2.07% to $32.51 as rumors continue that SABMiller and Diageo could be interested in SodaStream. United Natural Foods UNFI surged 1.79% to $64.75 after the company reported better-than-expected fiscal fourth-quarter results and issued a strong fiscal 2015 outlook.