- Helios and Matheson Analytics Inc HMNY shares surged 33.08 percent to $13.16.
- Aegerion Pharmaceuticals, Inc. AEGR shares jumped 31.20 percent to $1.75 following merger announcement with QLT.
- Infinity Pharmaceuticals Inc. INFI rose 31.38 percent to $1.79. Morgan Stanley downgraded the rating on Infinity Pharmaceuticals from Overweight to Equal Weight, while lowering the price target from $11 to $1. Jefferies also downgraded the stock from Buy to Hold, while Wells Fargo downgraded the company from Outperform to Market Perform.
- Patriot National Inc PN shares surged 30.64 percent to $9.04 as Ebix Inc EBIX offered to buy Patriot National for $9.50 per share.
- Cellectar Biosciences Inc CLRB shares gained 13.03 percent to $3.73 after the company reported positive results of a tumor-targeting study.
- United States Steel Corporation X shares climbed 9 percent to $17.81. Bank of America upgraded United States Steel from Underperform to Neutral and raised the price target from $10.00 to $18.00.
- Rex Energy Corporation REXX shares rose 7.52 percent to $0.863 as the company announced plans to sell Illinois Basin assets to Campbell Development for roughly $40 million – with the potential for up to an extra $10 million over the next three years, depending on commodity prices.
- QLT Inc. (USA) QLTI rose 6.99 percent to $1.53 following merger announcement with Aegerion Pharmaceuticals.
- Denbury Resources Inc. DNR gained 6.96 percent to $4.15. Analysts at Stifel Nicolaus upgraded Denbury Resources from Sell to Hold.
- EXACT Sciences Corporation EXAS rose 5 percent to $9.85 after surging 33.38 percent on Tuesday. BTIG maintained a Buy rating for the company, with a $9 price target. Canaccord raised price target for EXACT Sciences to $12.
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