Sprint Nextel Corp, Tata Motors Ltd, Deutsche Bank AG, ABB Ltd, Nokia Corp, Higher One Holdings, Banco Santander and Siemens AG are among the companies whose shares are moving in pre-market trading Thursday.
Sprint Nextel Corp. (S) stock climbed 12.30 percent to $5.66 in pre-market trading. Japanese mobile phone carrier Softbank Corp is in talks to buy more than two-thirds of the U.S.-based telecoms company Sprint, Reuters has reported citing Japanese public broadcaster NHK.
Tata Motors Ltd. (TTM) stock surged 2.60 percent to $26.01 in pre-market trading. The stock has a 52-week low of $14.86, a 52-week high of $30.63 and $80.86 billion in market capitalization.
Deutsche Bank AG (DB) stock gained 2.23 percent to $42.09 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $37.78 billion in market capitalization.
ABB Ltd. (ABB) stock rose 1.35 percent to $18.81 in pre-market trading. The company announced Wednesday that it won orders worth around $65 million from Mass Global Investment (MGI) Co., to provide a turnkey electrical and automation solution for a new gas-turbine power plant and build a substation extension.
Nokia Corp. (NOK) stock plunged 4.23 percent to $2.49 in pre-market trading. The company stock was initiated with a “neutral” rating at Citigroup Tuesday. Last week, analysts’ at BMO Capital Markets downgraded shares of NOK to an “underperform” rating from a “market perform” rating.
Higher One Holdings, Inc. (ONE) stock declined 3.03 percent to $12.50 in pre-market trading. The company will report its results for the third quarter of 2012 after the close of the market Nov 6, 2012.
Banco Santander, S.A. (SAN) stock declined 1.76 percent to $7.25 in pre-market trading. Spanish banks declined Thursday after Standard & Poor’s downgraded its rating on Spain’s debt to just one notch above junk at BBB- from BBB-plus, citing significant risks to Spain’s economic growth and budgetary performance, and the lack of a clear direction in euro zone policy.
Siemens AG (SI) stock fell 1.59 percent to $98.85 in post-market trading. The company stock was downgraded to a “hold” rating from a “buy” rating at Deutsche Bank Wednesday.