Pre-Market Movers (Onyx Pharma, QuinStreet, Molycorp, Red Hat, Ampio Pharma, Mechel, Nokia)

Onyx Pharmaceuticals, QuinStreet, Molycorp, EZchip Semiconductor, Red Hat, Ampio Pharmaceuticals, Mechel OAO, Chimera Investment and Nokia Corp. are among the companies whose shares are moving in pre-market trading Thursday.

Onyx Pharmaceuticals, Inc. (ONXX) stock climbed 23.37 percent to $55.00 in pre-market trading. The company announced that the U.S. Food and Drug Administration's (FDA) Oncologic Drugs Advisory Committee (ODAC) unanimously recommended approval of Onyx's drug, Kyprolis, to treat a deadly blood cancer.

QuinStreet Inc. (QNST) stock surged 4.05 percent to $9.50 in pre-market trading. QuinStreet will replace eResearchTechnology in the S&P SmallCap 600 index after the close of trading Wednesday, June 27.

Molycorp, Inc. (MCP) stock gained 2.54 percent to $23.00 in pre-market trading. The stock has a 52-week low of $19.11, a 52-week high of $66.62 and $2.16 billion in market capitalization.

EZchip Semiconductor Ltd. (EZCH) stock advanced 1.46 percent to $39.74 in pre-market trading.

Red Hat Inc. (RHT) stock slumped 10.48 percent to $50.58 in pre-market trading as its first quarter billings missed some analysts' estimate. Billings rose 16 percent to $310 million but fell short of some analysts' expectation of 18 percent gain. The company reported first quarter net income of $58.0 million or $0.30 per share, up from $47.0 million or $0.24 per share in the same period a year-earlier.

Ampio Pharmaceuticals, Inc. (AMPE) stock plunged 4.05 percent to $3.79 in pre-market trading. The company announced the outcome of its pre-IND meeting with the CDER Urology and Reproductive group (DRUP) division of the FDA that took place June 20, 2012.

Mechel OAO (MTL) stock plunged 3.27 percent to $6.50 in pre-market trading. The company reported first quarter earnings Wednesday. Quarter net profit declined to $218.02 million from $309.12 million in the same period a year earlier.

Chimera Investment Corp. (CIM) stock plunged 3.65 percent to $2.64 in pre-market trading. The stock has a 52-week low of $2.38, a 52-week high of $3.62 and $2.81 billion in market capitalization.

Nokia Corp. (NOK) stock plunged 3.20 percent to $2.42 in pre-market trading. The stock has a 52-week low of $2.30, a 52-week high of $7.38 and $9.36 billion in market capitalization.