Pre-Market Movers (Marvell Technology, General Electric, Nokia, Siemens, Cisco, Apple, ArcelorMittal)

  on December 28 2012 6:32 AM

Marvell Technology Group, General Electric, Nokia Corp, Siemens AG, Cisco Systems, Apple and ArcelorMittal are among the companies whose shares are moving in pre-market trading Friday.

Marvell Technology Group Ltd. (MRVL) stock surged 2.52 percent to $7.32 in pre-market trading. The company stock was reiterated with a “hold” rating at Deutsche Bank Thursday. The company’s stock plunged more than 13 percent in the last two days after a federal jury had ordered Marvel to pay $1.17 billion in damage for infringing patents held by Carnegie Mellon University.

General Electric Co. (GE) stock surged 2.51 percent to $21.21 in pre-market trading. The Street Ratings Wednesday reiterated a “buy” rating on the shares of GE with a rating score of B.

Nokia Corp. (NOK) stock plunged 2.5 percent to $90 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $5.87 and $14.98 billion in market capitalization.

Siemens AG (SI) stock declined 0.93 percent to $108.65 in pre-market trading. The stock has a 52-week low of $77.88, a 52-week high of $110.76 and $93.91 billion in market capitalization.

Cisco Systems, Inc. (CSCO) stock fell 0.71 percent to $19.51 in pre-market trading. The stock has a 52-week low of $14.96, a 52-week high of $21.30 and $104.33 billion in market capitalization.

Apple Inc. (AAPL) stock declined 0.54 percent to $512.30 in pre-market trading. A Chinese court has fined the iPhone maker 1 million yuan ($160,400) for hosting third-party applications on its App Store that were selling pirated electronic books, Reuters has reported citing Xinhua news agency. 

ArcelorMittal (MT) stock declined 1.34 percent to $16.99 in pre-market trading.  The stock has a 52-week low of $13.28, a 52-week high of $23.62 and $26.68 billion in market capitalization.

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