Morning Market Movers (ZANE, NAVI, ICGN, APKT)

Zanett Inc ZANE jumped 37.29% to $1.62 at 10:00 am. ZANE shares have surged 247.06% over the past 52 weeks, while the S&P 500 index has gained 18.51% in the same period. NaviSite Inc NAVI shares surged 31.48% to $5.43. Time Warner Cable Inc TWC announced its plans to buy NAV for about $230 million or $5.50 per share, representing a 33% premium over NAV's Tuesday closing price. Icagen Inc ICGN shares advanced 22.29% to $4.17. The US Food and Drug Administration (FDA) lifted the clinical hold on the ICGN's experimental epilepsy drug. Acme Packet Inc APKT climbed 14.90%to $64.25. APKT reported upbeat Q4 earnings. Read more from Benzinga's Markets.