The top pre-market NASDAQ Stock Market gainers are: Cal-Maine Foods, Leap Wireless International, Cerus, Synthesis Energy Systems, and Liberty Media Interactive. The top pre-market NASDAQ Stock Market losers are: Fuqi International, Cninsure, Randgold Resources, Star Scientific, and ARM Holdings.
Cal-Maine Foods, Inc. (CALM) stock climbed 7.48 percent to $29.90 in the pre-market trading, as its third quarter earnings exceeded Street view. Profit was $33.62 million or $1.40 a share, down from $34.53 million or $1.45 a share last year. Sales rose to $274.67 million from $271.16 million. Analysts had expected profit of $1.03 a share.
Leap Wireless International Inc. (LEAP) stock grew 4.86 percent to $15.75 in the pre-market trading.
Cerus Corp. (CERS) stock grew 4.48 percent to $3.03 in the pre-market trading.
Synthesis Energy Systems, Inc. (SYMX) stock gained 3.39 percent to $2.29 in the pre-market trading.
Liberty Media Interactive (LINTA) stock increased 3.19 percent to $16.15 in the pre-market trading.
Fuqi International, Inc. (FUQI) stock plunged 12.20 percent to $2.95 in the pre-market trading. The company said it received a letter from its independent registered public accounting firm, Marcum LLP, regarding an internal investigation conducted at the request of the company's Audit Committee relating to certain cash transfer transactions involving the company. The completion of the audit of the company's 2009 financial statement has been delayed due to the internal investigation into the cash transfer transactions.
Fuqi said the completion of the audit of the company's 2009 financial statement is delayed due to the internal investigation into the cash transfer transactions. For the year ended December 31, 2009 and 2010, the aggregate amount of the cash transfers totaled about $86.3 million and $47.5 million, respectively, and the highest amount outstanding on any given date was equal to around $24.1 million and $8.5 million, respectively.
Cninsure Inc. (CISG) stock tumbled 9.16 percent to $12.30 in the pre-market trading. The company said it agreed to sell its 55 percent equity interest in Beijing Fanhua Datong Investment Management Co., Ltd. to Winner Sight Global Limited, an affiliated entity of Warburg Pincus LLC, for about $63.69 million in cash. Datong agreed to pay a cash dividend of 10 million Chinese yuan exclusively to CNinsure. The transaction has been completed on March 25.
Randgold Resources Ltd. (GOLD) stock declined 1.83 percent to $74.71 in the pre-market trading.
Star Scientific, Inc. (CIGX) stock slid 1.79 percent to $3.85 in the pre-market trading.
ARM Holdings plc (ARMH) stock moved down 0.49 percent to $26.38 in the pre-market trading.