Morning Market Movers

FiberTower Corporation FTWR shares advanced 23.53% to $1.47 at 9:45 am. FTWR shares have dropped 65.20% over the past 52 weeks, while the S&P 500 index has gained 20.99% in the same period.. Pharmasset Inc VRUS shares surged 19.34% to $129.24. VRUS expanded its study of hepatitis C drug candidate PSI-7977. Peoples Educational Holdings Inc PEDH jumped 14.16% to $1.37. PEDH's trailing-twelve-month revenue is $31.84 million. Ulta Salon, Cosmetics & Fragrance, Inc ULTA climbed 12.54% to $55.83. ULTA reported upbeat Q1 results and issued stronger-than-expected Q2 earnings forecast. Read more from Benzinga's Markets.