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Corporate Summary

•    Shares of Cognizant Technology Solutions Corp (CTSH - Free Report) surged 7% after activist investor Elliot Management said he wants the company to boost profitability and return more of its cash to shareholders

•    Shares of PhaseRx Inc (PZRX - Free Report) climbed almost 150% after the company reported that its lead candidate, PRX-OTC has received orphan drug designation from the FDA for the treatment of ornithine transcarbamylase deficiency

•    Shares of Recro Pharma Inc (REPH - Free Report) soared 19.9% after the company announced positive top-line results from the second of the two late-stage trials of intra-venous Meloxicam

•    Fang Holdings Ltd’s (SFUN - Free Report) shares tanked 15.7% after the company’s third quarter revenues of $250.1 million fell short of analysts’ expectations of $296.5 million