Pre-Market Movers (Safeway, DRDGOLD, Men's Wearhouse, Research In Motion, Vanda Pharma, J.C. Penney, QUALCOMM, Siemens)

Safeway Inc, DRDGOLD, Men's Wearhouse, Research In Motion, Vanda Pharmaceuticals, J.C. Penney, QUALCOMM Inc and Siemens AG are among the companies whose shares are moving in pre-market trading on Thursday.

Gainers

Safeway Inc. (NYSE:SWY) stock shot up 23.32 percent to $28.50 in pre-market trading. The company announced on Wednesday that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Ltd. to Sobeys Inc for C$5.8 billion in cash.

DRDGOLD Ltd. (NYSE:DRD) stock surged 5.17 percent to $6.31 in pre-market trading. The company stock has a 52-week low of $5.05, a 52-week high of $8.59 and $227.51 million in market capitalization.

Men's Wearhouse Inc. (NYSE:MW) stock gained 3.96 percent to $37.00 in pre-market trading. The company reported first quarter net profit of $33.1 million or $0.65 a share, up from $26.9 million or $0.52 a share in the same period last year and topped Reuters' forecast of a profit of $0.55 a share for the quarter.

Research In Motion Ltd. (NASDAQ:BBRY) stock advanced 1.92 percent to $13.82 in pre-market trading. The company stock has a 52-week low of $6.22, a 52-week high of $18.32 and $7.11 billion in market capitalization.

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) stock rose 1 percent to $13.13 in pre-market trading. The company stock has a 52-week low of $2.92, a 52-week high of $13.30 and $368.51 million in market capitalization.

Losers

J.C. Penney Co, Inc. (NYSE:JCP) stock fell 1.24 percent to $17.58 in pre-market trading. The company stock has a 52-week low of $13.55, a 52-week high of $32.55 and $3.91 billion in market capitalization.

QUALCOMM Inc. (NASDAQ:QCOM) stock declined 1 percent to $60.50 in pre-market trading. The company stock has a 52-week low of $53.09, a 52-week high of $68.50 and $105.59 billion in market capitalization.

Siemens AG (NYSE:SI) stock slipped less than 1 percent to $105.33 in pre-market trading. The company stock has a 52-week low of $77.88, a 52-week high of $113.16 and $89.77 billion in market capitalization.