Major Movers on July 15; POWI, LEAP, RVLT, NAV, TIF, QLGC, and ARUN

Shares of Power Integrations Inc. (NASDAQ: POWI) rallied about 8.90% by midday trade. The San Jose CA based Company, which manufacturers integrated-circuits used in energy-efficient power converters, upwardly revised fiscal second quarter revenue guidance on Monday.

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AT&T to Acquire Leap Wireless International (T, LEAP)

AT &T Inc. (NYSE: T) announced on Friday that it has agreed to acquire a prepaid wireless communication services provider, Leap Wireless International Inc. (NASDAQ: LEAP), in an approximate deal of $4 billion. The deal also assumes Leap Wireless International’s debt.

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