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Corporate Summary

•    Packaging Corp of America (NYSE:PKG) shares were up 10.8% after it announced it was buying rival Boise Inc (NYSE:BZ) for $12.55 a share. Boise’s shares jumped 26.1%

•    Allegheny Technologies Incorporated (NYSE:ATI) shares gained 8.1% after it said it will sell its tungsten materials unit to Kennametal Inc. (NYSE:KMT)

•    Shares of Sohu.com Inc. (NASDAQ:SOHU) gained 7.5% after Tencent Holdings Ltd said it will invest $448 million in one of Sohu’s independent subsidiaries

•    Delta Air Lines, Inc. (NYSE:DAL) added 3.0% after it was listed on the S&P 500

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%