Market Movers: Celgene Corporation (NASDAQ:CELG), Sungy Mobile (NASDAQ:GOMO), Dyax Corp. (NASDAQ:DYAX), American Airlines Group Inc. (NASDAQ:AAL), Inovio Pharmaceuticals Inc. (NYSEMKT:INO)

Celgene Corporation (NASDAQ:CELG) announced organizational changes that will go into effect on August 1, 2014. Celgene Corporation (NASDAQ:CELG) stock opened today at $151.00 and is currently trading at $151.87. The stock showed a positive weekly performance of 1.91%.

Sungy Mobile Limited (NASDAQ:GOMO) a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development, announced that it plans to release its first quarter 2014 financial results on Tuesday, May 27, 2014 after market close. Sungy Mobile Ltd (NASDAQ:GOMO) stock opened at $14.30, in current trading session and currently is at $14.04, by gaining 0.43%. The 52 week range of $12.40 – $33.87. Company’s market capitalization is 454.27 million.

Dyax Corp. (NASDAQ:DYAX)‘s stock had its “buy” rating restated by investment analysts at BofA Merrill Lynch in a note issued to investors on Friday, Stock Ratings Network reports. They currently have a $9.00 price objective on the stock. BofA Merrill Lynch’s price objective suggests a potential upside of 33.73% from the company’s current price. Dyax Corp. (NASDAQ:DYAX) stock is currently trading at $7.60. The EPS of the stock is -0.20. Company’s market capitalization is 1.03 billion.

American Airlines Group Inc. (NASDAQ:AAL) reported the traffic results for the month of April 2014 and year to date for the fiscal 2014. During April 2014, total revenue passenger miles (RPMs) were up by 4.7% to 18.1 billion due to 10.4% increase in Atlantic, 6.3% increase in Latin America and 3.4% increase in domestic compared to April 2013. American Airlines Group Inc. (NASDAQ:AAL) stock opened the session at $39.38, and now is at $39.78. The 52 week range of the American Airlines Group Inc. (NASDAQ:AAL) stock remained $23.45 – $39.93 and the day range was $39.25 – $39.93.

On May 22, 2014 Inovio Pharmaceuticals Inc (NYSEMKT:INO) had its Annual General Meeting where the shareholders considered the proposal of a reverse split of the company’s common stock. After due consideration, the shareholders approved the proposal of one for four reverse stock split. As per the approved proposal, each 4 shares of issued and outstanding common stock and equivalents will form 1 share of common stock. There was no official announcement made on the effective date of the reverse split. Inovio Pharmaceuticals Inc. (NYSEMKT:INO) stock opened today at $2.08 and is currently trading at $2.09. The stock showed a negative weekly performance of -6.54%.

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