Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange REUTERS

The companies whose shares are moving in pre-market trade on Monday are: Tyco International, Symantec, Cliffs Natural Resources, Apollo Group, Halliburton, Monsanto, Alcoa, Dr Pepper Snapple Group and PPL Corp.

Tyco International Ltd. (NYSE:TYC) shares climbed 7.95 percent to $50.90 in pre-market trading session on news that Schneider Electric SA is weighing a takeover offer for TYC, that would make the French company the world’s biggest maker of security systems.

Symantec Corp. (NASDAQ:SYMC) shares gained 2.14 percent to $18.60 in pre-market trading session. The company stock was upgraded to “outperform” rating from “perform” rating at RBC Capital.

Cliffs Natural Resources Inc. (NYSE:CLF) shares gained 2.01 percent to $100.68 in pre-market trading session. The company announced that it was to clinch a deal with China to export iron ores to the country.

Apollo Group Inc. (NASDAQ:APOL) shares gained 1.4 percent to $42.70 in pre-market trading session. Goldman Sachs initiated coverage on APOL with a “buy” rating and set a price target of $54.

Monsanto Co. (NYSE:MON) shares advanced 1.46 percent to $67.19 in pre-market trading session. The company reported that solid sales and disciplined spending have moved the group into a strong position for 2011 and beyond.

Halliburton Co. (NYSE:HAL) shares gained 1.27 percent to $48.74 in pre-market trading session. Jefferies & Co includes Halliburton to its favorite stocks list. Jefferies currently has a “buy” rating and price target of $59 on shares of Halliburton.

Alcoa Inc. (NYSE:AA) shares advanced 0.95 percent to $18.09 in pre-market trading session. The company is expected to report first quarter net income of $0.27 percent compared to $0.10 per share in the same quarter a year-ago.

Dr Pepper Snapple Group Inc. (NYSE:DPS) shares declined 1.41 percent to $36.93 in pre-market trading session. The company stock was downgraded to “sell” rating from “neutral” rating at Goldman Sachs.

PPL Corp. (NYSE:PPL) shares declined 1.35 percent to $25.52 in pre-market trading session. The company announced concurrent offerings of 80 million shares of its common stock and $750 million of equity units.