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

   on December 28 2012 6:32 AM
Corporate logo is on display at the Nokia flagship store in Helsinki
A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. REUTERS

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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