Philips Electronics, PhotoMedex, Deutsche Bank, Banco Santander, Morgan Stanley, United States Steel Corp, Bank of America Corp, Ford Motor and JPMorgan Chase & Co. are among the companies whose shares are moving in pre-market trading Monday.
Philips Electronics NV (PHG) stock surged 4.84 percent to $20.58 in pre-market trading. The company swung to a second quarter net profit of 167 million euros or 0.18 euros per share compared to the net loss of 1.34 billion euros or 1.39 euros per share in the same period a year-ago.
PhotoMedex, Inc. (PHMD) stock surged 4.53 percent to $13.60 in pre-market trading. The stock has a 52-week low of $9.38, a 52-week high of $19.18 and $284.66 million in market capitalization.
Deutsche Bank AG (DB) stock plunged 5.89 percent to $28.28 in pre-market trading. U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate the global benchmark interest rates. Two traders suspended from Deutsche Bank were among those being investigated, Reuters reported citing sources familiar with investigation.
Banco Santander, S.A. (SAN) stock plunged 4.89 percent to $4.86 in pre-market trading. Spanish stocks plunged Monday as investors felt that a banking sector bailout and an empowerment of the EU's bailout funds could not solve Spain's underlying economic problems. With Spanish region of Valencia seeking a rescue package from the Central Government, market participants sensed that a sovereign bailout would be necessary for Spain.
Morgan Stanley (MS) stock plunged 3.29 percent to $12.36 in pre-market trading. Morgan Stanley was in advanced talks over selling the stake in its multibillion-dollar commodities trading division to Qatar's sovereign wealth fund, Reuters reported Friday citing people familiar with the matter.
United States Steel Corp. (X) stock fell 1.59 percent to $18.51 in pre-market trading. The stock has a 52-week low of $17.67, a 52-week high of $45.00 and $2.71 billion in market capitalization.
Bank of America Corp. (BAC) stock declined 1.27 percent to $6.98 in pre-market trading. Financial sector stocks plunged in Asia and Europe amid continuing concerns about the deepening economic conditions in Spain and Greece.
Ford Motor Co. (F) stock declined 1.19 percent to $9.10 in pre-market trading. The company is expected to report a second quarter net profit of $0.28 per share on revenue of $32.17 billion before the markets open Wednesday.
JPMorgan Chase & Co. (JPM) stock declined 1.18 percent to $33.50 in pre-market trading. The stock has a 52-week low of $27.85, a 52-week high of $46.49 and $128.71 billion in market capitalization.