Morning Market Gainers and Losers
Glu Mobile Inc. (NASDAQ:GLUU) shares jumped 22.96 percent to $6.64 following the company’s announcement that Tencent Holdings Ltd has agreed to buy 21 million shares of Glu’s common stock at $6 a piece, which is a 15 percent stake for a total of $126 million.
Clicksoftware Technologies Ltd (NASDAQ:CKSW) rose 27.39 percent to $12.51 following the news that US private equity fund Francisco Partners has acquired the company for $438 million. ClickSoftware will delist from Nasdaq when the deal is completed in July and become a private company.
TASER International, Inc. (NASDAQ:TASR) jumped 8.12 percent to $30.35 on upbeat Q1 earnings.
Baidu Inc (ADR) (NASDAQ:BIDU) 3.69 percent to $210.92 after the company released its Q1 results, posting the slowest revenue growth rate in almost seven years.
Inovio Pharmaceuticals Inc (NASDAQ:INO) dropped 10.76 percent to $8.79 after the company announced that it intends to offer and sell shares of its common stock in an underwritten public offering.