Morning Market Movers

Zipcar ZIP surged 48.30% to $12.22 at 10:10 am. Avis Budget Group CAR announced its plans to buy Zipcar for $500 million. BioFuel Energy BIOF shares advanced 27.32% to $4.69. BioFuel Energy's trailing-twelve-month revenue is $542.37 million. Forward Industries FORD surged 21.61% to $1.80. Forward Industries shares have dropped 11.38% over the past 52 weeks, while the S&P 500 index has gained 11.68% in the same period. Iridium Communications IRDMZ climbed 20.57% to $1.70. Iridium's 52-week trading range is $1.16-$2.20.