Deutsche Bank AG, ING Groep, Rio Tinto, Cliffs Natural Resources, Tata Motors, Bank of America Corp, Audience and Pandora Media are among the companies whose shares are moving in pre-market trading Friday.
Deutsche Bank AG (DB) stock climbed 5 percent to $39.49 in pre-market trading. European banking shares extended rally Friday, a day after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.
ING Groep N.V. (ING) stock surged 4.72 percent to $8.43 in pre-market trading. KB Financial Group Inc is expected to agree as early as next week to buy ING Groep NV's South Korean insurance business in a deal worth at least $2.2 billion, Reuters has reported citing media reports.
Rio Tinto Plc (RIO) stock surged 4.08 percent to $47.42 in pre-market trading. The stock has a 52-week low of $40.50, a 52-week high of $63.18 and $84.14 billion in market capitalization.
Cliffs Natural Resources Inc. (CLF) stock surged 3.30 percent to $36.01 in pre-market trading. Analysts at UBS AG Thursday downgraded shares of CLF to a "neutral" rating from a "buy" rating with a new price target of $35.00, down from prior target price of $58.00.
Tata Motors Ltd. (TTM) stock gained 2.99 percent to $22.03 in pre-market trading. The stock has a 52-week low of $14.33, a 52-week high of $30.63 and $68.23 billion in market capitalization.
Bank of America Corp. (BAC) stock gained 1.20 percent to $8.45 in pre-market trading. The stock has a 52-week low of $4.92, a 52-week high of $10.10 and $89.99 billion in market capitalization.
Audience Inc. (ADNC) stock tumbled 54.93 percent to $8.50 in pre-market trading after the company announced that its voice-processor technology might not be used in the next version of Apple Inc.'s (AAPL) iPhone.
Pandora Media Inc. (P) stock plunged 6.05 percent to $11.81 in pre-market trading. Apple plans to develop a service that would compete with Pandora Media by sending streams of music customized to users' tastes, the New York Times has reported, citing three people briefed on the plans.