Benzinga's Volume Movers

Quality Distribution Inc (NASDAQ: QLTY) shares climbed 60.41 percent to $15.72. The volume of Quality Distribution shares traded was 12076 percent higher than normal. Quality Distribution agreed to be acquired by Funds Advised by Apax Partners for $16.00 per share in an all cash deal. PHH Corporation (NYSE: PHH) surged 4.88 percent to $26.02. The volume of PHH shares traded 4133 percent higher than normal. PHH reported a Q1 loss of $0.38 per share on revenue of $261 million. Synageva Biopharma Corp (NASDAQ: GEVA) shares moved up 3.43 percent to $210.37. The volume of Synageva Biopharma traded was 704 percent higher than normal. On Wednesday, Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) announced its plans to acquire Synageva for $8.4 billion. Alibaba Group Holding Ltd (NYSE: BABA) shares rose 6.90 percent to $85.52. The volume of Alibaba shares traded was 511 percent higher than normal. Alibaba reported stronger-than-expected results for the fourth quarter.