Today's notable movers to the upside

NiSource (NI, $40.85): The stock leapt to a new all-time high, tacking on 6% to its closing price on Friday on more than 4 times normal volume. Over the weekend, the company's board decided to spin off its natural gas pipelines from its utilities business. The split is expected to occur in mid-2015.

Federated National Holding (FNHC, $26.89): This Florida-based residential property insurer gained 4% on twice normal volume to break above major resistance following a big move on Friday. There was no discernible news to account for the move.

ClubCorp Holdings (MYCC, $19.85): This company manages and operates golf, sports, and business clubs. Today, the stock hurdled out of an eight month consolidation stage, gaining nearly 6% on twice normal volume to notch reach an all-time high. Investors cheered the news that an activist investor is urging the board to consider converting the business to REIT status. According to the company's Press Release, the spun-off assets could offer shareholders an upside of 65% to 90% from Friday's closing price of $18.74.

Beacon Roofing (BECN, $26.18): This New England based supplier of roofing materials has been in a major slump since January. It sunk to a new yearly low on Friday but got a big boost today from a favorable article appearing over the weekend in Barron's. (You need to be a subscriber to access the article.) According to the article's author, improving demand along with ongoing consolidation in the roofing space could boost the stock 40% from current levels. If you're looking to take a bullish stake in this one, I would recommend using options (perhaps selling a put to take advantage of heightened options volatility or using a call credit spread) to reduce risk.