Alcatel Lucent SA, Nokia Corp, Sohu.com, Facebook, Barclays, Banco Santander, Cognizant Technology Solutions Corp, Morgan Stanley and Apple Inc. are among the companies whose shares are moving in pre-market trading Wednesday.
Alcatel Lucent SA (ALU) stock climbed 4.31 percent to $1.21 in pre-market trading. The stock has a 52-week low of $0.99, a 52-week high of $3.37 and $2.63 billion in market capitalization.
Nokia Corp. (NOK) stock surged 4.30 percent to $2.91 in pre-market trading. Nokia Siemens Networks, a joint venture between Siemens Communications division and Nokia, is in talks with various companies to sell its business support systems (BSS) unit as it looks to ditch some product lines and focus on mobile broadband, CEO Rajeev Suri said in Bangalore on Tuesday, Reuters reported.
Sohu.com Inc. (SOHU) stock surged 3.88 percent to $42.59 in pre-market trading. The stock has a 52-week low of $33.75, a 52-week high of $76.23 and $1.56 billion in market capitalization.
Facebook Inc. (FB) stock surged 3.45 percent to $20.10 in pre-market trading after Chief Executive Officer Mark Zuckerberg's hints at mobile and search engines as the new growth areas for the company while admitting that its stock performance during May's Initial Public Offering (IPO) was "disappointing.”
Barclays Plc (BCS) stock advanced 2.92 percent to $14.12 in pre-market trading. The stock has a 52-week low of $8.38, a 52-week high of $16.41 and $41.97 billion in market capitalization.
Banco Santander, S.A. (SAN) stock gained 2.68 percent to $8.05 in pre-market trading. European stocks surged after Germany's Constitutional Court gave its approval for the implementation of the bailout fund in the euro zone while outlining certain conditions, including Germany's total exposure to the funds.
Cognizant Technology Solutions Corp (CTSH) stock advanced 1.84 percent to $68.50 in pre-market trading. The stock has a 52-week low of $53.92, a 52-week high of $78.00 and $20.08 billion in market capitalization.
Morgan Stanley (MS) stock advanced 1.80 percent to $17.56 in pre-market trading. Morgan Stanley and Citigroup announced Tuesday that they have reached an agreement for Morgan Stanley to purchase Citi’s 14 percent stake in Morgan Stanley Smith Barney Holdings LLC (MSSB), together with the transfer of approximately $5.5 billion of deposits at no premium, at an implied 100 percent valuation of $13.5 billion.
Apple Inc. (AAPL) stock advanced 0.89 percent to $666.50 in pre-market trading ahead of its media event in San Francisco. The Tech world is anticipating that the world’s largest company, measured by stock-market value, will take the wraps off of its much-awaited sixth generation iPhone, widely believed to be called "iPhone 5," at its special media event later Wednesday.