Pre-Market Movers (Sturm, RIMM, AK Steel, ARM Holdings, Cliffs Natural, Deutsche Bank, ArcelorMittal, Frontline)

 
on November 20 2012 6:38 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

Sturm, Ruger & Co, Research In Motion, AK Steel Holding Corp, ARM Holdings, Cliffs Natural Resources, Deutsche Bank AG, ArcelorMittal and Frontline Ltd. are among the companies whose shares are moving in pre-market trading Tuesday.

Sturm, Ruger & Co, Inc. (RGR) stock surged 4.44 percent to $51.00 in pre-market trading. The company announced Monday that its Board of Directors voted to declare a special dividend of $4.50 per share on the company’s issued and outstanding shares of common stock, payable Dec. 21, 2012, to shareholders of record as of Dec. 7, 2012.

Research In Motion Ltd. (RIMM) stock surged 3.23 percent to $9.90 in pre-market trading. The company stock was upgraded to a “hold” rating from an “underperform” rating with a price target of $10 at Jefferies Monday.

AK Steel Holding Corp. (AKS) stock gained 2.73 percent to $3.76 in pre-market trading. Analysts at Jefferies & Co. reiterated a “hold “rating on the shares of AKS with a price target of $3.50 Monday.

ARM Holdings Plc (ARMH) stock declined 2.07 percent to $34.99 in pre-market trading. The stock has a 52-week low of $21.64, a 52-week high of $35.81 and $16.43 billion in market capitalization.

Cliffs Natural Resources Inc. (CLF) stock plunged 3.66 percent to $34.00 in pre-market trading. The company announced Monday a decision to delay portions of its Bloom Lake Mine Phase II expansion in Quebec and idle a portion of its production at two of its U.S. iron ore operations, Northshore Mining in Minnesota and Empire Mine in Michigan. 

Deutsche Bank AG (DB) stock declined 2.03 percent to $42.37 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $41.47 billion in market capitalization.

ArcelorMittal (MT) stock fell 1.15 percent to $14.67 in pre-market trading. The stock has a 52-week low of $13.28, a 52-week high of $23.62 and $23.16 billion in market capitalization.

Frontline Ltd. (FRO) shares declined 1.01 percent to $3.94 in pre-market trading. The company stock climbed more than 5 percent in regular trading Monday.

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