Benzinga's Volume Movers - Collegium Pharmaceutical (NASDAQ:COLL), Lennar (NYSE:LEN)

WCI Communities Inc WCIC surged 40.2 percent to $24.05. The volume of WCI Communities shares traded was 5628 percent higher than normal. Lennar Corporation LEN announced plans to buy WCI Communities for $23.50 per share in cash and stock.
Shutterfly, Inc. SFLY shares moved up 2.8 percent to $45.42. The volume of Shutterfly traded was 668 percent higher than normal. Axiom’s Victor Anthony maintained a Hold rating on Shutterfly, with a price target of $52.
Red Hat Inc RHT shares gained 5 percent to $80.89. The volume of Red Hat shares traded was 620 percent higher than normal. Red Hat posted upbeat results for its second quarter and raised its FY16 outlook.
Collegium Pharmaceutical Inc COLL shares rose 16.6 percent to $14.95. The volume of Collegium Pharmaceutical shares traded was 535 percent higher than normal. Collegium Pharmaceutical shares have dropped 40.12 percent over the past 52 weeks, while the S&P 500 index has gained 11.34 percent in the same period.