Pre-Market Movers (Nokia, Procter & Gamble, Facebook, Abercrombie, Citigroup, Telefonica, Groupon, ArcelorMittal, ABB)

 
on September 06 2012 6:26 AM
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Facebook reported fourth-quarter results that exceeded analyst expectations as revenue jumped 40 percent. Reuters

Nokia Corp, Telefonica, ABB Ltd, Procter & Gamble, ArcelorMittal, Facebook, Abercrombie & Fitch, Citigroup and Groupon Inc are among the companies whose shares are moving in pre-market trading Thursday.

Nokia Corp. (NOK) stock surged 4.62 percent to $2.49 in pre-market trading. The company stock tumbled nearly 16 percent in regular trading Wednesday as its highly anticipated Nokia Lumia 920 failed to impress investors.

Telefonica S.A. (TEF) stock surged 3.99 percent to $13.54 in pre-market trading. The stock has a 52-week low of $10.06, a 52-week high of $22.80 and $19.44 billion in market capitalization.

ABB Ltd. (ABB) stock gained 2.42 percent to $17.74 in pre-market trading. The company stock was upgraded to “buy” rating from a “neutral” rating at UBS.

ArcelorMittal (MT) stock advanced 2.23 percent to $14.70 in pre-market trading. Earlier this week, analysts at Jefferies Group initiated coverage on shares of MT with a “buy” rating.

Procter & Gamble Co. (PG) stock gained 2.15 percent to $68.74 in pre-market trading. The stock has a 52-week low of $59.07, a 52-week high of $67.95 and $185.34 billion in market capitalization.

Facebook Inc. (FB) stock advanced 1.45 percent to $18.85 in pre-market trading. The company stock surged nearly 5 percent in regular trading Wednesday after CEO Mark Zuckerberg promised not to sell any more shares for at least a year.

Abercrombie & Fitch Co. (ANF) stock gained 1.13 percent to $35.00 in pre-market trading. Analysts at Piper Jaffray reiterated “neutral” rating on shares of ANF with a price target of $33.00.

Citigroup Inc. (C) stock advanced 1.11 percent to $30.10 in pre-market trading. The stock has a 52-week low of $21.40, a 52-week high of $38.40 and $87.30 billion in market capitalization.

Groupon Inc. (GRPN) stock declined nearly 1 percent to $4.14 in pre-market trading. Analysts at Jefferies Group on Wednesday initiated coverage on shares of GRPN with “hold” rating and set a price target of $4.75.

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