Pre-market movers on June 7 (TIN, SNV, EXPE, MWV, VZ, WY, CCL, PBY, CLF, S, CTXS)
The companies whose shares are moving in pre-market trade on Tuesday are: Temple-Inland, Synovus Financial, Expedia, Meadwestvaco, Verizon Communications, Weyerhaeuser, Carnival Corp, Pep Boys-Manny, Cliffs Natural Resources, Sprint Nextel and Citrix Systems Inc.
Temple-Inland Inc. (NYSE:TIN) shares climbed 44.50 in pre-market trading session. The company announced on late Tuesday that it received an unsolicited proposal from International Paper to acquire the company for $30.60 per share in cash.
Synovus Financial Corp. (NYSE:SNV) shares advanced 3.7 percent to $2.24 in pre-market trading session.
Expedia Inc. (NASDAQ:EXPE) shares advanced 2.86 percent to $27.70 in pre-market trading session. The stock has a 52 week low of $18.30 and 52 week high of $29.85 and has $7.36 billion market capitalization.
Meadwestvaco Corp. (NYSE:MWV) shares advanced 2.56 percent to $32.41 in pre-market trading session.
Verizon Communications Inc. (NYSE:VZ) shares gained 2.95 percent to $36.25 in pre-market trading session.
Weyerhaeuser Co. (NYSE:WY) shares advanced 2.39 percent to $20.99 in pre-market trading session. The company stock was upgraded to “neutral” rating at boutique firm.
Carnival Corp. (NYSE: CCL) shares gained 1.95 percent to $37.14 in pre-market trading session. The stock has a 52 week low of $29.68 and 52 week high of $48.14 and has $28.83 billion market capitalization.
Pep Boys-Manny, Moe & Jack (NYSE:PBY) shares slumped 12.52 percent to $11.81 in pre-market trading session. The company reported fourth quarter net income of $12.4 million or $0.23 per share compared to $12.0 million or $0.23 per share in the same quarter last year and against analysts’ estimation of $0.30 per share.
Cliffs Natural Resources Inc. (NYSE:CLF) shares declined 2.71 percent to $84.50 in pre-market trading session. The company announced that it is offering to sell, subject to market and other conditions, 9,000,000 common shares through an underwritten offering.
Sprint Nextel Corp. (NYSE:S) shares declined 1.25 percent to $5.53 in pre-market trading session.
Citrix Systems Inc. (NASDAQ:CTXS) shares declined 2.62 percent to $80.00 in pre-market trading session. The stock has a 52 week low of $40.33 and 52 week high of $88.49 and has $15.44 billion market capitalization.
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