Pre-Market Movers (RIM, Zynga, Facebook, Weatherford, SAP, Arcelormittal, ADTRAN, Bank Of America)
Research In Motion Ltd, Zynga, Facebook, Weatherford International, SAP, Arcelormitta, ADTRAN and Bank of America Corp. are among the companies whose shares are moving in pre-market trading Friday.
Research In Motion Ltd. (RIMM) stock rallied 18.91 percent to $8.49 in pre-market trading after the company reported the better-than-expected second quarter results. The company swung to the second quarter net loss of $235 million or $0.45 per share compared to the net income of $329 million or $0.63 per share in the same period last year. The adjusted net loss was $142 million or $0.27 per share, better than Reuters’ estimate of a loss of $0.46 per share.
Zynga Inc. (ZNGA) stock surged 2.11 percent to $2.90 in pre-market trading. The stock has a 52-week low of $2.66, a 52-week high of $15.91 and $2.16 billion in market capitalization.
Facebook Inc. (FB) stock gained 1.87 percent to $20.70 in pre-market trading. The world's largest social networking site took a small step towards becoming an e-commerce platform by launching a feature for the users to buy and send real gifts worth as much as hundreds of dollars, Reuters reported.
Weatherford International Ltd. (WFT) stock advanced 1.11 percent to $12.79 in pre-market trading. The stock has a 52-week low of $10.85, a 52-week high of $18.33 and $9.61 billion in market capitalization.
SAP AG (SAP) stock gained 1.08 percent to $72.15 in pre-market trading. The Street Ratings reiterated “buy” rating on shares of SAP with a score of B+ Thursday.
Arcelormittal (MT) stock plunged 2.20 percent to $14.65 in pre-market trading. The stock has a 52-week low of $13.28, a 52-week high of $23.62 and $23.21billion in market capitalization.
ADTRAN, Inc. (ADTN) stock fell 1.64 percent to $18.84 in pre-market trading. The company currently expects the third quarter adjusted net profit to be in a range of $0.18 to $0.19 per share on revenues of $162 million while analysts expect a net profit of $0.30 per share on revenue of $187.20 million.
Bank of America Corp. (BAC) stock declined 1 percent to $8.88 in pre-market trading. The stock has a 52-week low of $4.92, a 52-week high of $10.10 and $96.67 billion in market capitalization.
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