Pre-Market Movers (Pandora, Tivo, ING Groep, Molycorp, BHP Billiton, Syngenta, Frontline, First Solar)

By Satya Nagendra Padala | August 30 2012 6:53 AM

Pandora Media, Tivo Inc, ING Groep, Molycorp, BHP Billiton, Syngenta, Frontline Ltd and First Solar Inc. are among the companies whose shares are moving in pre-market trading Thursday.

REUTERS

U.S. stocks fell more than 1 percent Monday shortly after trading began following a government report Friday that employers added fewer jobs than expected in March.

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Pandora Media Inc. (P) stock climbed 10.42 percent to $11.13 in pre-market trading after raising its full-year earnings guidance. The company currently expects that the fiscal 2013 adjusted net loss would be in a range of $0.08 to $0.04 per share on revenue of $425 to $432 million, better than its estimated loss of $0.11 to $0.07 per share on revenues of $420 to $427 million and also topped Reuters' estimate of a loss of $0.12 per share on revenues of $424.16 million revenue.

Tivo Inc. (TIVO) stock surged 5.13 percent to $9.84 in pre-market trading. Its second quarter net loss widened to $27.7 million or $0.23 per share from $19.6 million or $0.17 per share in the same period last year but topped Reuters' estimate of a loss of $0.24 per share.

ING Groep N.V. (ING) stock surged 3.34 percent to $7.42 in pre-market trading. The company announced Wednesday that it had reached an agreement to sell ING Direct Canada for a total consideration of CAD 3.1 billion to Scotiabank.

Molycorp, Inc. (MCP) stock gained 1.31 percent to $12.39 in pre-market trading. The company stock rallied nearly 14 percent in regular trading Wednesday after it was upgraded to "buy" rating from "hold" rating at Gabelli. Earlier this week, Molycorp announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, Calif.

BHP Billiton Ltd. (BHP) stock fell 2.15 percent to $65.92 in pre-market trading. The stock has a 52-week low of $59.87, a 52-week high of $86.24 and $108.19 billion in market capitalization.

Syngenta AG (SYT) stock plunged 2.04 percent to $68.06 in pre-market trading. The company announced Wednesday that it had agreed to acquire the DuPont Professional Products insecticide business, ornamentals and home pest control markets.

Frontline Ltd. (FRO) stock declined 1.88 percent to $3.13 in pre-market trading. The stock slumped more than 13 percent in regular trading Wednesday after the company announced that the board expected the operating result in the third quarter to be significantly worse than in the second quarter based on results achieved so far in the quarter and the current outlook.

First Solar Inc. (FSLR) stock declined 1.24 percent to $23.90 in pre-market trading. The stock has a 52-week low of $11.43, a 52-week high of $103.00 and $2.10 billion in market capitalization.