The companies whose shares are moving in pre-market trade on Wednesday are: L&L Energy, FSI International, Hartford Financial Services, Tecumseh Products, Oracle Corp, Bank of America Corp, Baker Hughes, Perfect World Co, Halliburton Co and ARIAD Pharmaceuticals.
L&L Energy Inc. (LLEN) stock climbed 21.52 percent to $2.88 in pre-market trading. The company announced Wednesday that it signed a strategic sales agreement with AVIC International Coal Logistics Co. Ltd. to expand its efficiency and coal sales throughout the Guizhou province.
FSI International Inc. (FSII) stock climbed 14.13 percent to $5.25 in pre-market trading. The company reported second quarter net profit of $3.7 million or $0.09 per share compared to $4.9 million or $0.13 per share in the same quarter last year, while analysts expected net income of $0.05 per share for the quarter.
Hartford Financial Services (HIG) stock climbed 6.17 percent to $23.05 in pre-market trading session. The company is placing its Individual Annuity business into runoff and is pursuing sales or other strategic alternatives for Individual Life, Woodbury Financial Servicesand Retirement Plans.
Tecumseh Products Co. (TECUB) stock surged 5.39 percent to $4.50 in pre-market trading.
Oracle Corp. (ORCL) stock gained 2.06 percent to $30.72 in pre-market trading Wednesday. The company reported third quarter net profit of $2.498 billion or $0.49 per share, up from $2.116 billion or $0.41 per share in the same period a year-ago. Revenues rose to $9.039 billion from $8.764 billion in the same quarter last year and against analysts’ estimation of $9.02 billion.
Bank of America Corp. (BAC) stock gained 1.94 percent to $10.00 in pre-market trading. The stock has a 52-week low of $4.92, a 52-week high of $14.22 and $105.28 billion in market capitalization.
Baker Hughes Inc. (BHI) stock plunged 5.06 percent to $45.40 in pre-market trading. The company said it expects sequentially lower operating profit before tax in the first quarter due to rapidly changing market conditions in the Pressure Pumping product line in North America and seasonality in all international markets.
Perfect World Co. Ltd. (PWRD) stock plunged 4.04 percent to $16.40 in pre-market trading. The company stock was downgraded to “neutral” rating from “buy” rating at Nomura.
Halliburton Co. (HAL) stock declined 1.99 percent to $34.07 in pre-market trading. The stock has a 52-week low of $27.21, a 52-week high of $57.77 and $32.08 billion in market capitalization.
ARIAD Pharmaceuticals Inc. (ARIA) stock declined 1.86 percent to $14.77 in pre-market trading. The company announced that the US Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee (ODAC) voted 13 to 1 against the use of the investigational agent ridaforolimus as maintenance therapy for patients with metastatic soft-tissue sarcoma or bone sarcoma, whose disease had not progressed after at least four cycles of chemotherapy.