The companies whose shares are moving in pre-market trade on Thursday are: Target Corp, Limited Brands, Urban Outfitters, Macy's, Gap, Sprint Nextel, Chesapeake Energy, Corning, Yum! Brands and Wellpoint Inc.

Target Corp. (NYSE:TGT) shares surged 6.73 percent to $51.70 in pre-market trading session. The company said that its net retail sales for the five weeks ended July 2, 2011 increased 5 percent compared to same period a year-ago.

Limited Brands Inc. (NYSE:LTD) shares gained 3.03 percent to $40.50 in pre-market trading session. Its comparable store sales for the five weeks ended July 2, 2011 increased 12 percent compared to same period a year-ago.

Urban Outfitters Inc. (NASDAQ:URBN) share advanced 3.22 percent to $30.75 in pre-market trading session. The company stock was upgraded to “overweight” rating at Morgan Stanley.

Macy's Inc. (NYSE:M) shares gained 2.42 percent to $29.57 in pre-market trading session. The company announced that its net retail sales for the five weeks ended July 2, 2011 raised 7.5 percent compared to same period a year-ago.

Gap Inc. (NYSE:GPS) shares advanced 2.29 percent to $18.75 in pre-market trading session. The company said its comparable sales for June were up 1 percent compared with a 1 percent increase a year ago.

Sprint Nextel Corp. (NYSE:S) shares advanced 1.45 percent to $5.59 in pre-market trading session. The stock has a 52 week low of $3.70 and 52 week high of $6.45 and has $16.48 billion market capitalization.

Chesapeake Energy Corp. (NYSE:CHK) shares advanced 1.89 percent to $30.75 in pre-market trading session. The stock has a 52 week low of $19.68 and 52 week high of $35.95 and has $19.89 billion market capitalization.

Corning Inc. (NYSE:GLW) shares advanced 1.32 percent to $18.48 in pre-market trading session.

Yum! Brands Inc. (NYSE:YUM) shares declined 1.78 percent to $55.15 in pre-market trading session. The company stock was downgraded to “sell” rating from “neutral” rating at Goldman Sachs.

Wellpoint Inc. (NYSE:WLP) shares declined 1.34 percent to $78.90 in pre-market trading session. The stock has a 52 week low of $48.21 and 52 week high of $81.92 and has $29.36 billion market capitalization.

Retail sales Morgan Stanley Nyse Retail