The top pre-market NASDAQ Stock Market gainers are: China TechFaith Wireless, Aruba Networks, Glu Mobile, Netapp and Fundtech. The top pre-market NASDAQ Stock Market losers are: SunPower Corp, AVEO Pharmaceuticals, BreitBurn Energy Partners, Vodafone Group and ARM Holdings.

Gainers:

China TechFaith Wireless Communication Tech Ltd. (NASDAQ:CNTF) shares surged 9.45 percent to $4.75 in pre-market trading session. The company announced that it will launch a new mobile social media solution in China called 17Talk, along with 17Store, through its subsidiary TechFaith Software China Limited.

Aruba Networks, Inc. (NASDAQ:ARUN) shares gained 1.68 percent to $26.00 in pre-market trading session. The company stock was upgraded to “outperform” rating at Wedbush.

Glu Mobile Inc. (NASDAQ:GLUU) shares declined 1.6 percent to $5.08 in pre-market trading session.

Netapp Inc. (NASDAQ:NTAP) shares gained 1.26 percent to $50.50 in pre-market trading session. The stock has a 52 week low of $36.66 and 52 week high of $61.02 and has $18.35 billion market capitalization.

Fundtech Ltd. (NASDAQ:FNDT) shares advanced 1.13 percent to $20.51 in pre-market trading session. The company confirmed that it is in preliminary talks with suitors that have expressed interest in a possible merger or acquisition.

Losers:

SunPower Corp. (NASDAQ:SPWRB) shares plunged 17.60 percent to $16.95 in pre-market trading session. The stock has a 52 week low of $9.26 and 52 week high of $22.10 and has $881.01 million market capitalization.

SunPower Corp. (NASDAQ:SPWRA) shares plunged 16.55 percent to $17.26 in pre-market trading session.

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) shares plunged 8.33 percent to $17.50 in pre-market trading session. The company announced that it has commenced an underwritten public offering of shares of its common stock.

BreitBurn Energy Partners, L.P. (NASDAQ:BBEP) shares declined 6.07 percent to $19.35 in pre-market trading session. The company announced that it has commenced a registered underwritten public offering of 7 million units of BBEP.

Vodafone Group Plc (NASDAQ:VOD) shares declined 1.28 percent to $26.07 in pre-market trading session.

ARM Holdings, plc (NASDAQ:ARMH) shares declined 1.26 percent to $28.18 in pre-market trading session. Morgan Stanley reiterated “overweight” rating on shares of ARM Holdings.

Morgan Stanley China NASDAQ Stock Market China