Morning Market Movers

Prospect Global Resources PGRX moved up 37.10% to $5.09 after Sichuan Chemical issued $20 million strategic investment letter of intent to prospect Global Resources. Metrocorp Bancshares MCBI jumped 28.11% to $13.90 after East West Bancorp EWBC announced its plans to acquire MetroCorp for $273 million. China Information Technology CNIT shares jumped 17.23% to $5.24. China Information shares have jumped 269.42% over the past 52 weeks, while the S&P 500 index has gained 18.17% in the same period. Rite Aid RAD rose 14.81% to $4.26 after the company posted a profit in its fiscal second quarter.