Shares of New York-based web-mobile entertainment marketing platform Viggle Inc. (VGGL) have risen 2.16% to $2.36 in morning trading Thursday, after the Sabby Healthcare Master Fund, Ltd. disclosed a 7.64% passive stake.
The name is trading on heavy volume with 57 million shares changing hands in early trading, well ahead of its three month daily average of 4.53 million shares.
Shares in the $41.23 million market cap company are down 53.80% year-over-year and off about 62% from their May 29, 2014, $6.10 52-wk high.
Shares of Rally Software Development Corp. (RALY) continue to surge on Thursday up 43.56% at $19.40 after the cloud-based solutions provider announced it is being acquired by CA Technologies (CA) for $19.50 per share, valuing the transaction at approximately $480 million.
“In a world driven by software, the powerful combination of Rally and CA will help our combined customers to better navigate changing markets, improve performance and deliver value faster – while accelerating the pace of disruption and developing a competitive advantage through technology,” Rally CEO Tim Miller said in a statement announcing the deal.
Shares of PlasmaTech Biopharmaceuticals, Inc. (PTBI) are lower by 1.68% in early morning trading on Thursday. The $178 million market cap company today announced a 5.3% passive stake by Sabby Management. Separately, the name was mentioned cautiously at theSreetSwiper.
After rising to a $9.10 intraday high, PTBI shares recently traded at $8.74, putting them on track to extend their staggering FY/15 gain of 1,800%.
The stock has a 52-week range of $2.75 to $23.00. PTBI is up 152.74% year-over-year, compared with a 10.60% gain in the S&P 500.
Shares of Tesla Motors, Inc. (TSLA) are up by 1.31% to $250.68 in early trading on Thursday morning, after the electric car maker announced the purchase and planned deployment of Tesla Energy’s first battery power utility-scale project in Ireland. Tesla said in a press release announcing the news that it is collaborating with Gaelectric to develop a pipeline of multiple battery projects to build new transmission system services required to facilitate the integration of renewable energy sources such as solar and wind. The initial demonstration project, 1-MW in size, is targeted for deployment in 2016.
In the past 52 weeks, shares of Tesla have traded between a low of $181.40 and a high of $291.42, which is 60.65% above that low price. Over the past 5 trading sessions the stock has gained 0.12%. Ticker is up 16.95% year-over-year and 11.25% year-to-date.
The chart below shows where the stock has traded over the last year.