Pre-market movers on May 23 (SQNS, KKD, AKS, VLO, SNE, CCL, HES, FCX, DE, HAL)
The companies whose shares are moving in pre-market trade on Monday are: Sequans Communications, Krispy Kreme Doughnuts , AK Steel Holding, Valero Energy Corp, Sony Corp, Carnival Corp, Hess Corp, Freeport-McMoRan, Deere & Co and Halliburton Co.
Sequans Communications S.A. (NYSE:SQNS) shares climbed 14.8 percent to $10.47 in pre-market trading session. The stock has a 52 week low of $7.81 and 52 week high of $10.71 and has $341.84 million market capitalization.
Krispy Kreme Doughnuts (NYSE:KKD) shares surged 6.25 percent to $6.80 in pre-market trading session. The company reported first quarter net income of $9.17 million or $0.13 per share compared to $4.47 million or $0.06 per share in the same quarter last year.
AK Steel Holding Co. (NYSE:AKS) shares gained 2.05 percent to $14.42 in pre-market trading session. The company stock was upgraded to “overweight” rating from “neutral” rating at Morgan Stanley.
Valero Energy Corp. (NYSE:VLO) shares plunged 5.53 percent to $24.61 in pre-market trading session. The company had emissions at its St. Charles refinery in Norco, Louisiana, after an equipment failure.
Sony Corp. (NYSE:SNE) shares declined 2.74 percent to $26.31 in pre-market trading session after the company said it expects net loss of 260 billion yen ($3.18 billion) for the fiscal year ended March 31, 2011 compared to its prior estimation of 70 billion yen net profit.
Carnival Corp. (NYSE:CCL) shares declined 2.25 percent to $38.67 in pre-market trading session. Federal Judge Ursula Ungaro awarded $2,998,155.70 to a Carnival cruise ship passenger who was injured in a slip and fall accident.
Hess Corp. (NYSE:HES) shares declined 2.46 percent to $76.00 in pre-market trading session as crude oil prices plunged more than 2 percent to below $98 a barrel in Europe as renewed concerns over the euro zone debt crisis sent the U.S. dollar higher, which made commodities more expensive.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares declined 2.44 percent to $47.20 in pre-market trading session. Credit Suisse reiterated an “outperform” rating on FCX with a price target of $75.
Deere & Co. (NYSE:DE) shares declined 2.01 percent to $83.05 in pre-market trading session. The stock has a 52 week low of $53.20 and 52 week high of $99.80 and has $35.68 billion market capitalization.
Halliburton Co. (NYSE:HAL) shares declined 1.48 percent to $46.48 in pre-market trading session.
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