Pre-Market Movers (Transocean, Best Buy, Magna, Wireless Ronin, Nokia, Rio Tinto, Joy Global, Credit Suisse)

Transocean, Best Buy, Magna International, Wireless Ronin Technologies, Nokia Corp, Rio Tinto Plc, Joy Global and Credit Suisse Group AG are among the companies whose shares are moving in the pre-market trading Monday.

Transocean (NYSE:RIG) stock surged 2.59 percent to $53.50 in pre-market trading. The company swung to the fourth quarter net profit of $456 million or $1.26 per share compared to a net loss of $6.2 billion or $18.76 per share in the same period a year earlier. Adjusted profit was $330 million or $0.91 per share, above the analysts’ estimate of $0.82 per share.

Best Buy Co Inc. (NYSE:BBY) stock gained 1.92 percent to $17.49 in pre-market trading. The company announced Friday that its fourth quarter net loss narrowed to $409 million or $1.21 per share from $1.82 billion or $5.17 per share in the same period last year. Adjusted net profit was $554 million or $1.64 per share, down from $783 million or $2.18 per share but topped Reuters’ estimate of $1.54 per share.

Magna International Inc. (NYSE:MGA) stock advanced 1.64 percent to $56.42 in pre-market trading. The company announced Friday that its fourth quarter net profit rose to $351 million or $1.49 per share from $312 million or $1.32 per share in the same quarter last year.

Wireless Ronin Technologies, Inc. (NASDAQ:RNIN) stock slumped 16.67 percent to $2.65 in pre-market trading. The stock has a 52-week low of $1.70, a 52-week high of $5.65 and $15.89 million in market capitalization.

Nokia Corp. (NYSE:NOK) stock plunged 5.01 percent to $3.41 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $5.57 and $13.44 billion in market capitalization.

Rio Tinto Plc (NYSE:RIO) stock plunged 2.86 percent to $50.27 in pre-market trading. Mining stocks plunged in European trading after the Chinese government over the weekend introduced fresh measures to cool the property market, including higher down payments and interest rates for second-home buyers in cities that are seeing an unprecedented price rise.

Joy Global Inc. (NYSE:JOY) stock declined 1.97 percent to $60.84 in pre-market trading. The stock has a 52-week low of $47.69, a 52-week high of $88.13 and $6.71 billion in market capitalization.

Credit Suisse Group AG (NYSE:CS) shares declined 1.83 percent to $25.74 in pre-market trading. The stock has a 52-week low of $16.09, a 52-week high of $30.40 and $33.92 billion in market capitalization.