Seadrill Ltd, Transocean, Frontline, Nokia Corp, Credit Suisse, Smithfield Foods, Tata Motors, 3D Systems and Overseas Shipholding Group are among the companies whose shares are moving in pre-market trading Thursday.
Seadrill Ltd. (SDRL) stock gained 2.01 percent to $33.00 in pre-market trading. The stock has a 52-week low of $24.68, a 52-week high of $42.34 and $15.14 billion in market capitalization.
Transocean Ltd. (RIG) stock gained 1.07 percent to $42.32 in pre-market trading. The stock has a 52-week low of $38.21, a 52-week high of $65.41 and $14.68 billion in market capitalization.
Frontline Ltd. (FRO) stock advanced 1.01 percent to $4.02 in pre-market trading.
Nokia Corp. (NOK) stock slumped 8.96 percent to $2.54 in pre-market trading after the company had announced that it planned to cut 10,000 jobs globally as part of its revamping measures. The Finland-based cell phone manufacturer also announced that it would shut down production and research sites in Finland, Germany and Canada.
Credit Suisse Group AG (CS) stock plunged 7.86 percent to $18.28 in pre-market trading after the Swiss National Bank said that Credit Suisse should raise capital more quickly in order to shield it from the escalating euro zone debt crisis.
Smithfield Foods, Inc. (SFD) stock plunged 4.29 percent to $18.73 in pre-market trading. The company reported fourth quarter net profit of $79.5 million or $0.49 per share, down from $98.4 million or $0.59 per share in the same quarter a last year. Net sales rose to $3.21 billion from $3.12 billion last year but fell short of Reuters' expectation of $3.26 billion.
Tata Motors Ltd. (TTM) stock declined 3.40 percent to $20.44 in pre-market trading. The stock has a 52-week low of $14.33, a 52-week high of $30.63 and $67.15 billion in market capitalization.
3D Systems Corp. (DDD) stock fell 3.21 percent to $28.61 in pre-market trading. On Wednesday, the company announced the pricing of an underwritten public offering of 3,700,000 shares of its common stock at a price of $27.00 per share.
Overseas Shipholding Group Inc. (OSG) stock fell 2.57 percent to $9.46 in pre-market trading.