Pre-Market Movers (Alcatel, ASML, ArcelorMittal, Groupon, Safeway, Knight Capital, 3D Systems, Deutsche Bank)

By Satya Nagendra Padala | November 09 2012 6:15 AM

Reuters

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Alcatel Lucent, ASML Holding, ArcelorMittal, Groupon, Safeway, Knight Capital Group, 3D Systems and Deutsche Bank are among the companies whose shares are moving in pre-market trading Friday.

Alcatel Lucent SA (ALU) stock surged 2.73 percent to $1.13 in pre-market trading. Analysts at Oddo & Cie reiterated a “neutral” rating on shares of Alcatel Thursday with a price target of $1.28.

ASML Holding N.V. (ASML) stock gained 1.44 percent to $55.64 in pre-market trading. The stock has a 52-week low of $36.19, a 52-week high of $59.20 and $22.39 billion in market capitalization.

ArcelorMittal (MT) stock gained 1.33 percent to $15.20 in pre-market trading. Analysts at AlphaValue reiterated a “buy” rating on shares of ArcelorMittal Thursday with a price target of $20.00.

Groupon Inc (GRPN) stock tumbled 17.09 percent to $3.25 in pre-market trading. Its third quarter net loss narrowed to $3.0 million or breakeven per share from $54.2 million or $0.18 per share in the same quarter last year. Quarterly revenue surged 32 percent to $568.6 million from last year but fell short of analysts’ estimate of $590.12 million.

Safeway Inc (SWY) stock slumped 7.62 percent to $15.16 in pre-market trading. The company announced Thursday that it had reached a tentative agreement on a new three-year labor agreement with United Food and Commercial Workers Union (UFCW) Locals 5, 8 and 648 representing the company's employees in Northern California.

Knight Capital Group Inc (KCG) stock plunged 6.98 percent to $2.40 in pre-market trading. The stock has a 52-week low of $2.27, a 52-week high of $13.59 and $468.79 million in market capitalization.

3D Systems Corp. (DDD) stock fell 2.43 percent to $44.90 in pre-market trading. The stock has a 52-week low of $14.21, a 52-week high of $46.80 and $2.62 billion in market capitalization.

Deutsche Bank AG (DB) stock fell 1.43 percent to $42.65 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $40.07 billion in market capitalization.