Pre-Market Movers (OCZ Technology, Yum! Brands, Research In Motion, Petroleo, Dicks Sporting, Credit Suisse, Government Properties, Anheuser-Busch, Rio Tinto)

 
on March 12 2013 7:06 AM
Research In Motion
When the CEO of Research in Motion introduced the BlackBerry 10 on Wednesday, he also announced the company will be known henceforth as BlackBerry, chucking its corporate name in use since 1984. Reuters

OCZ Technology Group, Yum! Brands, Research In Motion, Petroleo Brasileiro Petrobras SA, Dicks Sporting Goods, Credit Suisse Group, Government Properties Income Trust, Anheuser-Busch and Rio Tinto plc are among the companies whose shares are moving in the pre-market trading Tuesday.

Gainers

OCZ Technology Group Inc. (NASDAQ:OCZ) stock rallied 16.67 percent to $2.03 in pre-market trading. The company announced that it has entered into a $30 million loan agreement, $15 million term loan and a $15 million revolving loan facility with Hercules Technology Growth Capital, Inc.

Yum! Brands Inc. (NYSE:YUM) stock climbed 5.40 percent to $71.50 in pre-market trading. Yum! Brands announced late Monday that its same-store sales for China division rose 2 percent in February, while first quarter same-store sales in China declined 20 percent, better than its prior estimate of a 25 percent drop.

Research In Motion Ltd. (NASDAQ:BBRY) stock advanced 2.68 percent to $15.30 in pre-market trading. The stock has a 52-week low of $6.22, a 52-week high of $18.32 and $7.67 billion in market capitalization.

Petroleo Brasileiro Petrobras SA (NYSE:PBR) stock gained 2.28 percent to $17.49 in pre-market trading. The Street Ratings on Monday reiterated “hold” on shares of Petrobras with a rating score of C.

Dicks Sporting Goods Inc. (NYSE:DKS) stock advanced 2.17 percent to $46.09 in pre-market trading. The stock slumped nearly 11 percent in regular trading Monday after the company forecast first quarter and full year earnings below estimates. Dicks Sporting expects first quarter net profit to be in a range of $0.47 to $0.49 per share and fiscal 2013 profit to be in a range of $2.84 to $2.86 per share, below analysts’ estimate of a profit of $0.50 per share for the first quarter and $2.92 per share for the full year.

Credit Suisse Group AG (NYSE:CS) stock gained 1.16 percent to $27.81 in pre-market trading. The stock has a 52-week low of $16.09, a 52-week high of $30.40 and $35.57 billion in market capitalization.

Losers

Government Properties Income Trust (NYSE:GOV) stock plunged 5.32 percent to $25.11 in pre-market trading. The company announced that CommonWealth REIT (CWH) has sold its remaining position in Government Properties through the sale of 9,950,000 common shares in an underwritten public offering under an effective shelf registration statement filed by Government Properties, at a price of $25.20 per share.

Anheuser-Busch InBev N.V. (NYSE:BUD) stock declined 1.32 percent to $95.70 in pre-market trading. The stock has a 52-week low of $64.99, a 52-week high of $97.31 and $155.13 billion in market capitalization.

Rio Tinto plc (NYSE:RIO) stock declined 1.28 percent to $50.83 in pre-market trading. The stock has a 52-week low of $41.59, a 52-week high of $60.45 and $95.11 billion in market capitalization.

 

 

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