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Premarket Movers: AIG falls after 1Q loss



09 May 2008 @ 08:52 am EST

NEW YORK (AP) - Shares of American International Group fell sharply in premarket trading Friday after it posted a $7.8 billion first-quarter loss and said it plans to raise $12.5 billion in new capital.

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Quotes
SNY 36.99 -1.59
PCLN 135.49 -3.06
ATVI 32.94 -0.55
AIG 39.34 -0.23

SYMBOL LOOKUP

The stock declined 7.5 percent in early action to $40.79.

Shares of French drug maker Sanofi-Aventis fell in premarket trading Friday after a Swiss drug maker says it expects to receive approval to sell a generic version of Sanofi's anti-clotting agent Plavix. Shares lost 5.3 percent to $36.68.

Shares of Priceline.com Inc. surged on a swing to a first-quarter profit, accompanied by a positive outlook for the year. Shares jumped 13.7 percent to $140.75.

Shares of Activision Inc. climbed 4.7 percent to $29, a day after the video game maker posted a fiscal fourth-quarter profit that was sharply higher than analysts expected.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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