FuelCell Energy Inc.’s FCEL +13.33% shares gained 13% after it reported less of a first-quarter loss than Wall Street anticipated. Read more on FuelCell.
Pacific Capital Bancorp PCBC +56.88% shares rallied after UnionBanCal Corp said it would buy the company in an acquisition valued at about $1.5 billion.Read more in Financial Stocks.
Tudou Holdings Ltd.’s TUDO +146.52%U.S.-listed shares surged after the Chinese video website and rival Youku Inc. YOKU +18.51% said they would merge. U.S.-listed shares of Youku gained 13%. Read more in Tech Stocks.
Velti Plc VELT +14.16% shares rose 20% after the mobile-marketing company projected first-quarter revenue mostly above estimates.
Zoll Medical Corp.’s ZOLL +23.66% shares leapt after Japanese chemical maker Asahi Kasei Corp. said it would acquire the medical device maker in a deal worth about $2.21 billion. Read more on Zoll buyout.
Decliners
Anthera Pharmaceuticals Inc.’s ANTH -47.51% shares plunged after the company said late Friday it stopped a late-stage trial of an experimental heart-disease drug because it wasn’t working.
New Frontier Media Inc.’s KORS -5.10% shares slid 4.8% after the luxury-goods seller filed for a secondary offering of 25 million shares.
Tranzyme Inc. TZYM -48.45% shares declined 46% after the biopharmaceutical company said its experimental bowel drug did not perform well in a late-stage trial.
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