Among the companies whose shares are moving in pre-market trading Friday are: Molina Healthcare, China TransInfo Technology, Strategic Hotels, France Telecom, Barrick Gold, Rio Tinto, Randgold Resources, Alcoa and Bank of America Corp.
Molina Healthcare Inc. (MOH) shares climbed 28.70 percent to $22.87 in pre-market trading. The company's stock price slumped more than 31 percent in regular trading Thursday after recalling its fiscal 2012 earnings guidance, citing uncertainties regarding medical costs in Texas. After the market closed, the company also announced that the Ohio Department of Job and Family Services had upheld the protest filing of its Ohio health plan, Molina Healthcare of Ohio.
China TransInfo Technology Corp (CTFO) stock climbed 17.70 percent to $5.32 in pre-market trading. The company announced Friday that it had entered into an Agreement and Plan of Merger with TransCloud Co Ltd.
Strategic Hotels & Resorts Inc (BEE) stock gained 3.29 percent and rose to $6.27 in pre-market trading. The stock has a 52-week low of $3.76, a 52-week high of $7.62 and $1.24 billion in market capitalization.
France Telecom SA (FTE) stock gained 1.60 percent to $12.05 in pre-market trading. The company's stock declined more than 21 percent in the last three months and hit a new 52-week low of $11.68 Thursday.
Barrick Gold Corp (ABX) stock advanced 1.26 percent to $39.27 in pre-market trading. The company's stock plunged more than 4 percent Thursday after announcing that its Board of Directors had appointed Jamie Sokalsky as its Chief Executive Officer, replacing Aaron Regent, effective immediately.
Rio Tinto plc (RIO) stock plunged 3.93 percent to $44.74 in pre-market trading. The stock has a 52-week low of $40.50, a 52-week high of $74.00 and $86.00 billion in market capitalization.
Randgold Resources Ltd (GOLD) stock declined 1.33 percent to $85.95 in pre-market trading. A slump in gold and silver prices sent the precious metal companies' shares lower Thursday as investor confidence was affected by Fed Chairman Ben Bernanke lack of a commitment to future monetary easing measures in his congressional testimony on the country's economic outlook.
Alcoa Inc (AA) stock declined 1.29 percent to $8.44 in pre-market trading. The company announced Thursday that Christian Jepsen would join Alcoa as Vice President for corporate development this summer.
Bank of America Corp. (BAC) stock fell 1.21 percent to $7.33 in pre-market trading. The stock has a 52-week low of $4.92, a 52-week high of $11.25 and $79.96 billion in market capitalization.