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 >To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: email@example.com.