Morning Buzz: Fitbit Inc. (FIT), Taser (TASR), Intra-Cellular Therapies (ITCI), SunEdison, Inc. (SUNE), Microsoft (MSFT)

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Fitbit Inc. (FIT) stock is up 4.12% to $34.40 on Wednesday morning on news retail giant Target Corp. (TGT) is offering Fitbit activity trackers to its 335,000 U.S. employees. The deal is one of Fitbit’s largest corporate accounts yet.

Shares of Taser International Inc. (TASR) are higher by $0.12 to $24.26 in pre-market trading on Wednesday following favorable commentary on Tuesday’s Mad Money.

Shares of Taser Int’l are up 35.69% year-over-year ; down 8.84% year-to-date.

Intra-Cellular Therapies, Inc. (ITCI) shares are surging more than 47% to $38.40 in pre-market trading after announcing positive top-line results from its first Phase 3 trial of ITI-007, in patients with schizophrenia.

“We are very encouraged by the positive results of our first Phase 3 trial. These data confirm the findings from our previous placebo- and risperidone active-controlled, randomized Phase 2 trial. The antipsychotic effect of 60 mg is confirmed and shows itself to be well-tolerated along with a safety profile similar to placebo,” stated Dr. Sharon Mates, Chairman and CEO of Intra-Cellular Therapies.

SunEdison, Inc. (SUNE) – The company today announced that the Northern District of California has granted the company’s motion to dismiss charges filed by SunPower Corp. (SPWR).

In June of this year, SunPower filed a lawsuit against SunEdison and certain SunEdison employees who previously worked for SunPower. The complaint alleged that former employees, among other things, violated the federal Computer Fraud and Abuse Act (CFAA) by breaching SunPower’s computer use policies and misappropriating SunPower’s information. SunEdison moved to dismiss the claims arising under the CFAA, SunPower’s only basis for federal jurisdiction. The court granted the motion, ruling that SunPower failed to adequately plead a CFAA claim.

Microsoft Corporation (MSFT) — The software giant today announced that its board of directors declared a quarterly dividend of $0.36 per share, reflecting a $0.05 increase, or 16.1%, over the previous quarter’s dividend. The dividend is payable Dec.10, 2015 to shareholders of record on Nov. 19, 2015. The ex-dividend date will be Nov. 17, 2015.

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