Pre-market movers on Mar.29 (LEN, AKS, MAR, XL, IDCC, ETP, BP, HAL)
The companies whose shares are moving in pre-market trade on Tuesday are: Lennar Corp, AK Steel Holding, Marriott International, XL Group, InterDigital, Energy Transfer Partners, BP Plc and Halliburton.
Lennar Corp. (NYSE:LEN) shares advanced 2.28 percent to $20.20 in pre-market trading session as the company swung to profit in first quarter. The company reported first-quarter net income of $27.41 million or $0.14 per share compared to net loss of $6.52 million or $0.04 per share in the same quarter a year-ago.
AK Steel Holding Corp. (NYSE:AKS) shares advanced 2.18 percent to $15.95 in pre-market trading session. Steven Cohen’s SAC Capital Boosts Stake in AKS to 4.8 percent, according to a filing with the Securities and Exchange Commission.
Marriott International Inc. (NYSE:MAR) shares gained 1.95 percent to $35.99 in pre-market trading session. Its shares plunged 6.27 percent on Monday after the company said it expects revenue per available room or RevPAR at the low end of its guidance range due to modestly lower than expected RevPAR growth in North America.
XL Group Plc. (NYSE:XL) shares gained 1.28 percent to $23.35 in pre-market trading session. Goldman Sachs upgraded XL from “neutral” rating to “buy” rating and raised its price target to $28 from $24.
InterDigital, Inc. (NASDAQ:IDCC) shares declined 2.8 percent to $43.11 in pre-market trading session. The company announced on Monday that it intends to offer $150 million aggregate principal amount of Senior Convertible Notes due 2016 in a private offering.
Energy Transfer Partners L.P. (NYSE:ETP) shares declined 2.76 percent to $50.40 in pre-market trading session. The company announced that it has commenced a public offering of 11.8 million common units representing limited partner interests.
BP Plc. (NYSE:BP) declined 2.39 percent to $44.94 in pre-market trading session after the company stock was downgraded to “sell” rating from “hold” rating at Collins Stewart.
Halliburton Co. (NYSE:HAL) shares declined 1.82 percent to $47.03 in pre-market trading session after the company said disruptions in the Middle East and north Africa will “severely” cut first-quarter earnings by 3 cents to 4 cents a share.
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