Pre-Market Movers (Given Imaging, Lexicon, Clearwire, Mellanox, MannKind, TICC, Sandisk, Caterpillar)
Given Imaging Ltd, Lexicon Pharmaceuticals, Clearwire Corp, Mellanox Technologies, MannKind Corp, TICC Capital Corp, Sandisk Corp and Caterpillar Inc. are among the companies whose shares are moving in pre-market trading Thursday.
Given Imaging Ltd. (GIVN) stock climbed 9.30 percent to $16.69 in pre-market trading. The company announced Wednesday that it was evaluating a range of strategic options, including preliminary non-binding indications of interest received from a number of parties relating to a possible merger or sale, in order to maximize growth and enhance shareholder value.
Lexicon Pharmaceuticals, Inc. (LXRX) stock surged 3.60 percent to $2.59 in pre-market trading. The company announced Wednesday that it commenced an offering to sell shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering.
Clearwire Corp. (CLWR) stock gained 2.65 percent to $2.32 in pre-market trading. The stock has a 52-week low of $0.83, a 52-week high of $2.96 and $3.30 billion in market capitalization.
Mellanox Technologies, Ltd. (MLNX) stock tumbled 12.47 percent to $85.91 in pre-market trading as its fourth quarter revenue guidance fell short of expectations. The company expects the fourth quarter revenue to be in a range of $145 to $150 million, falling short of the analysts’ estimate of $157 million. Its third net profit surged to $48.4 million or $1.09 per share from $4.8 million or $0.13 per share in the same period last year.
MannKind Corp. (MNKD) stock slumped 11.54 percent to $2.30 in pre-market trading. The company announced Wednesday that it intended to offer and sell, subject to market and other conditions, shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering.
TICC Capital Corp. (TICC) stock plunged 4.51 percent to $9.95 in pre-market trading. The stock has a 52-week low of $8.22, a 52-week high of $11.09 and $393.94 million in market capitalization.
Sandisk Corp. (SNDK) stock plunged 2.47 percent to $43.25 in pre-market trading. The company is expected to report the third quarter net income of $0.33 per share on revenues of $1.22 billion after the markets close Thursday
Caterpillar Inc. (CAT) stock declined 1.09 percent to $85.69 in pre-market trading. The company is expected to report the third quarter net profit of $2.22 per share before the markets open Monday.
© Copyright IBTimes 2024. All rights reserved.