Small Cap Stock Movers (VHC, XRTX, COCO, COGI)

VirnetX Holding Corporation (AMEX:VHC) shares soared 5.74% to $7.74 on very high volume of 733K shares, compared to its average volume of 450K shares.

Today’s buying is witnessing after Today, Ebix, Inc. (NASDAQ:EBIX) reached an agreement to  acquire Adam Inc. for $66 million in a step toward establishing Ebix as a health-information exchange.

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VirnetX Holding Corporation is engaged in developing and commercializing software and technology solutions for securing real-time communications over the Internet.

Xyratex Ltd. (NASDAQ:XRTX) climbed 5.50% to $12.33 on volume of 314K shares. So far this year, the stock is down over 9%. The stock has a 52-week high and low of $6.09-$20.45 respectively.

Xyratex Ltd. (Xyratex) is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures technology that provides its customers with data storage products to support storage and data communication networks.

Corinthian Colleges, Inc. (NASDAQ:COCO) shares continued to recover from its recent sharp selling and today up 3.75% to $4.98. The stock has recovered about 18% from its 52-week low of $4.23 made on last Wednesday.

The stock had been under severe selling pressure over the past one month and so far fallen over 45% over regulatory concern in the for profit School companies and also the recent disappointing quarterly results also weigh on the stock.

Corinthian Colleges, Inc. (Corinthian) is a post-secondary education company in the United States and Canada. As of June 30, 2009, the Company had a student enrolment of 86,088, and operated 89 schools in 24 states and 17 schools in the province of Ontario, Canada. The Company offers a variety of diploma programs and associate’s, bachelors and master’s degrees.

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3M Company (NYSE:MMM), on Monday has announced that it the company has reached an agreement with Cogent, Inc. (NASDAQ:COGT) to acquire the later and valued that deal at $943 million or $10.50 per share.

The agreed amount represents a premium of about 18% over Cogent’s closing price of $8.91 on Friday.

Cogent had reported a revenue of $130 million in the year 2009. 3M expects that this deal could dilute the company’s earnings by 9 - 10 cents a share over the first 12 months after closing.

Shares of COGT soared over 20% to $10.70.

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