The company has been in the spotlight after short-sellers accused it of being involved in a pump and dump scheme. Management of
Shares of Ion Geophysical (IO - Get Report) 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 - Get Report), 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 - Get Report) 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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