Pre-Market Movers (Semiconductor Manufacturing, Marvell Tech, Discover Financial, Alcatel, Seadrill, BHP Billiton, RIM, Ford Motor)

 
on December 27 2012 6:30 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

Semiconductor Manufacturing, Marvell Technology Group, Discover Financial Services, Alcatel Lucent, Seadrill Ltd, BHP Billiton, Research In Motion and Ford Motor are among the companies whose shares are moving in pre-market trading Thursday.

Semiconductor Manufacturing International Corp. (SMI) stock surged 4.39 percent to $2.38 in pre-market trading. The stock has a 52-week low of $1.47, a 52-week high of $2.87 and $1.46 billion in market capitalization.

Marvell Technology Group Ltd. (MRVL) stock surged 2.57 percent to $7.59 in pre-market trading. The company stock tumbled more than 10 percent in regular trading Wednesday after a federal jury ordered Marvel to pay $1.17 billion in damage for infringing patents held by Carnegie Mellon University.

Discover Financial Services (DFS) stock surged 1.70 percent to $38.99 in pre-market trading. The company stock was reiterated with a “buy” rating at Sterne Agee Group Monday with a price target of $45.00.

Alcatel Lucent SA (ALU) stock advanced 1.45 percent to $1.40 in pre-market trading. The stock has a 52-week low of $0.91, a 52-week high of $2.66 and $3.13 billion in market capitalization.

Seadrill Ltd. (SDRL) stock rose 1.33 percent to $37.27 in pre-market trading. Analysts at Deutsche Bank Tuesday reaffirmed a “hold” rating on the shares of SDRL with a price target of $41.00.

BHP Billiton Ltd. (BHP) stock gained 1.29 percent to $77.73 in pre-market trading. The stock has a 52-week low of $59.87, a 52-week high of $82.23 and $123.22 billion in market capitalization.

Research In Motion Ltd. (RIMM) stock declined 1.40 percent to $11.66 in pre-market trading. The company stock climbed more than 11 percent in regular trading Wednesday.

Ford Motor Co. (F) stock declined 0.63 percent to $12.71 in pre-market trading. The company announced Thursday that it planned to invest more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan. The plan is a part of its commitment to invest $6.2 billion in the U.S. plants by 2015 and will generate 2,350 new jobs.

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