Pre-Market Movers (Cell Therapeutics, Deutsche Bank, Transocean, Peregrine, Kraft Foods, American International Group, Seadrill, Anheuser)

By Satya Nagendra Padala | September 10 2012 6:31 AM

Cell Therapeutics, Deutsche Bank, Transocean Ltd., Peregrine Pharmaceuticals, Kraft Foods Inc, American International Group, Seadrill Ltd and Anheuser-Busch InBev are among the companies whose shares are moving in pre-market trading Monday.

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Box of Kraft Foods macaroni and cheese to illustrate firm that will replace struggling insurer American International Group Inc. in the Dow Jones Industrial Average

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Cell Therapeutics Inc. (CTIC) shares climbed 7.33 percent to $2.49 in pre-market trading. The company stock climbed nearly 30 percent in regular trading Friday.

Deutsche Bank AG (DB) stock advanced 2.79 percent to $41.30 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $36.87 billion in market capitalization.

Transocean Ltd. (RIG) stock surged 2.42 percent to $48.75 in pre-market trading. The company announced Monday that it had reached definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings Ltd for approximately $1.05 billion.

Peregrine Pharmaceuticals (PPHM) stock advanced 2.22 percent to $4.60 in pre-market trading. The company stock rallied more than 46 percent in regular trading Friday after the interim results from its Phase IIb trial in patients with refractory non-small cell lung cancer showed a statistically significant improvement in overall survival and a doubling of median overall survival in the bavituximab-containing arms, compared to the control arm.

Kraft Foods Inc. (KFT) stock gained 1.53 percent to $40.60 in pre-market trading. The stock has a 52-week low of $31.88, a 52-week high of $42.44 and $70.97 billion in market capitalization.

American International Group Inc. (AIG) stock declined 2.91 percent to $33.00 in pre-market trading. The company announced Sunday that the U.S. Department of the Treasury had launched an offering of $18 billion of its AIG common stock. The sale will cut the government stake in AIG to around 20 percent from 53 percent currently.

Seadrill Ltd. (SDRL) stock fell 1.66 percent to $40.19 in pre-market trading. The company announced Friday that it intended to offer $1.0 billion in aggregate principal amount of unsecured notes due 2017 in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

Anheuser-Busch InBev NV (BUD) stock declined 1.61 percent to $85.55 in pre-market trading. The stock has a 52-week low of $49.08, a 52-week high of $88.79 and $139.09 billion in market capitalization.