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•    Marvell Technology Group Ltd. (NASDAQ:MRVL) plunged 10.3% after the verdict in a patent infringement case went against the firm. The case was filed by Carnegie Mellon University who will  receive around $1.17 billion from Marvell

•    Shares of Zynga Inc. (NASDAQ:ZNGA) surged 2.6% following news that the online gaming site will soon be introducing its real time online money gaming platform in the United Kingdom

•    Herbalife Ltd. (NYSE:HLF) gained 5.2% on Wednesday after it announced it had hired law firm Boies, Schiller & Flexner LLP as its new strategic adviser

•    Shares of Medifast, Inc. (NYSE:MED) dropped 13.1% after it announced that its acting CFO, Edward J. Powers will resign from the company on  4th January, 2013
 

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

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%