Benzinga's Volume Movers

Perfect World Co., Ltd. PWRD surged 20.75% to $19.03. The volume of Perfect World shares traded 844% higher than normal. Perfect World reported Chairman's preliminary non-binding 'go-private' offer at $20 per ADS. The company also named Yunfan Zhang as COO. Linn Energy, LLC LINE shares climbed 10.66% to $11.21. The volume of Linn Energy shares traded was 347% higher than normal. Linn Energy lowered its 2015 capital expenditure budget to $730 million. The company also reduced its annual distribution to $1.25 per unit from $2.90 per unit. Linn Co, LLC LNCO shares rose 5.53% to $10.94. The volume of Linn Co shares traded was 160% higher than normal. Linn Co lowered its 2015 capital expenditure budget and also reduced its annual distribution. Kite Pharma, Inc. KITE shares moved up 2.09% to $58.88. The volume of Kite Pharma traded was 105% higher than normal. Credit Suisse reiterated an Outperform rating on Kite Pharma and raised the price target from $34.00 to $71.00.