Afternoon Market Movers – Blog Recap

SEED, ABIO, LORL, DDRX, CYAN, RITT, ZION, CDTI, CI, GENT, JEF, NUVA, RMBS, CEPH, CIEN

Origin Agritech Ltd. (NASDAQ: SEED) $10.45 +100.58% Origin Agritech, on Saturday, secured the final approval of the world’s first genetically modified phytase corn; shares upgraded to Market Outperform at Rodman & Renshaw

ARCA biopharma Inc. (NASDAQ: ABIO) $4.32 +92.00% ARCA biopharma shares jump after getting fast-track designation for its experimental drug, Gencaro

Loral Space & Communications Ltd. (NASDAQ: LORL) $33.24 +14.46% Loral Space & Communications subsidiary announces that a high-quality, high-performance satellite built for Intelsat is performing post-launch maneuvers according to plan

Diedrich Coffee Inc. (NASDAQ: DDRX) $33.65 +29.47% Peet’s Coffee & Tea lifts bid for Diedrich Coffee to $265 million

Cyanotech Corp. (NASDAQ: CYAN) $3.47 +22.61%

RiT Technologies Ltd. (NASDAQ: RITT) $2.23 +19.25%

Zions Bancorp. (NASDAQ: ZION) $14.12 +12.51% Zions Bancorp. Inc. announces shares swap, shares rise

Clean Diesel Technologies Inc. (NASDAQ: CDTI) $1.71 +8.23% Clean Diesel Technologies provides updates on new product strategy developments; announces contract valued at approximately $528,000

CIGNA Corp. (NYSE: CI) $32.30 +7.56% CIGNA gets an upgrade from JPMorgan

Gentium S.p.A. (ADR) (NASDAQ: GENT) $2.13 +3.40% Gentium to present clinical data of defibrotide at the American Society of Hematology (ASH) annual meeting

Jefferies Group Inc. (NYSE: JEF) $4.99 -5.95% Jefferies Group shares downgraded to Sell at Goldman Sachs

NuVasive Inc. (NASDAQ: NUVA) $31.56 -6.63%

Rambus Inc. (NASDAQ: RMBS) $16.72 -7.62% Rambus shares down on patent review worries

Cephalon Inc. (NASDAQ: CEPH) $54.46 -8.64% Cephalon plunges as esophagus drug trial disappoints

Ciena Corp. (NASDAQ: CIEN) $12.00 -8.88% Ciena to buy Nortel’s businesses for $769 million

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