The company has been in the spotlight after short-sellers accused it of being involved in a pump and dump scheme. Management of China Media Express has hotly denied the allegations.
Shares of Ion Geophysical (IO) were surging 16.4% to $11.49 after it won a permanent injunction against seismic equipment maker Sercel. Ion Geophysical is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry.
Another notable gainer was Flagstar Bancorp (FBC), up 7.5% to $1.86. There is no recent news on the stock. The company was among the top buys of David Tepper's Appaloosa in the fourth quarter.
Shares of Skechers (SKX) were rebounding from Wednesday's losses, rising 4% to $22.98. The stock fell 6% on Wednesday after it reported a drop in fourth-quarter earnings on the back of higher margin pressures.--Written by Shanthi Bharatwaj in New York
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