Pre-Market Movers (Dole Food, Synergetics, Gencorp, Sprint Nextel, Real Goods, Lululemon, McEwen Mining, Red Hat, United States Steel, Freeport-McMoRan)

on June 11 2013 7:05 AM
Sprint-Nextel logo
Logo of Sprint-Nextel Corp. (NYSE:S), the No. 3 mobile carrier. Reuters

Dole Food, Synergetics USA, Gencorp, Sprint Nextel, Real Goods Solar, Lululemon Athletica, McEwen Mining, Red Hat, United States Steel and Freeport-McMoRan Copper & Gold Inc are among the companies whose shares are moving in pre-market trading on Tuesday.

Gainers

Dole Food Co Inc. (NYSE:DOLE) stock climbed 12.45 percent to $11.47 in pre-market trading. Dole Food’s announced that its Board of Directors received an unsolicited proposal from the company’s Chairman and CEO David Murdock and his family members to acquire all of the outstanding shares of common stock not already owned by them for $12.00 per share in cash.

Synergetics USA Inc. (NASDAQ:SURG) stock surged 6.52 percent to $3.76 in pre-market trading. The company reported third quarter net profit of $0.05 a share on revenues of $16.3 million, up from $0.04 a share on revenues of $14.57 million in the same period last year.

Gencorp Inc. (NYSE:GY) stock advanced 2.98 percent to $15.20 in pre-market trading. The company stock has a 52-week low of $5.82, a 52-week high of $15.12 and $897.41 million in market capitalization.

Sprint Nextel Corp. (NYSE:S) stock gained 2.65 percent to $7.37 in pre-market trading. Japan’s SoftBank Corp. on Tuesday raised its takeover bid for Sprint to $21.6 billion from a previous offer of $20.1 billion. The new deal offers existing Sprint investors $7.65 a share, up from the previous offer of $7.30 a share and will increase its cash injection to Sprint shareholders by $4.5 billion to $16.6 billion.

Real Goods Solar Inc. (NASDAQ:RSOL) stock rose 1.52 percent to $3.35 in pre-market trading. The company stock rallied more than 27 percent in regular trading on Monday.

Losers

Lululemon Athletica Inc. (NASDAQ:LULU) stock tumbled 13.71 percent to $71.00 in pre-market trading. Lululemon on Monday announced that after a five-and-half-year tenure Christine Day will step down as the company’s Chief Executive Officer when a successor is named.

McEwen Mining Inc. (NYSE:MUX) stock plunged 5.62 percent to $2.35 in pre-market trading. The company reduced its forecast production growth from 290,000 to 225,000 gold equivalent oz in 2016, citing lower metal prices and higher cost of capital.

Red Hat Inc. (NYSE:RHT) stock declined 2.37 percent to $45.30 in pre-market trading. The company stock has a 52-week low of $44.92, a 52-week high of $60.00 and $8.80 billion in market capitalization.

United States Steel Corp. (NYSE:X) stock declined 1.68 percent to $16.95 in pre-market trading. The company stock has a 52-week low of $15.80, a 52-week high of $26.29 and $2.49 billion in market capitalization.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock fell 1.55 percent to $30.40 in pre-market trading. The company stock has a 52-week low of $27.24, a 52-week high of $43.65 and $29.34 billion in market capitalization.

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