The top pre-market NASDAQ Stock Market gainers are: Cytori Therapeutics, Primo Water, Focus Media Holding, Logitech International, Golar LNG, Netlist, Century Aluminum, and A123 Systems. The top pre-market NASDAQ Stock Market losers are: OmniVision Technologies, and Breitburn Energy Partners.
Cytori Therapeutics, Inc. (CYTX) stock grew 11.54 percent to $2.90 in the pre-market trading. The company said its Celution One System, the next-generation device of its Celution platform, has been granted CE Mark approval. Celution One is tailored specifically for the hospital as a platform device with potential life-critical applications across multiple specialties. The Celution platform is a GMP-compliant technology that extracts and concentrates a patient's own stem and progenitor cells from adipose (fat) at the point-of-care. The Celution One is intended for hospital-based use with key improvements including greater cell yield, greater range of processing volumes and faster processing times, increasing the versatility and efficiencies of potential treatments. Additionally, it contains new features for improved operator ease-of-use.
Primo Water Corp. (PRMW) stock grew 9.38 percent to $3.15 in the pre-market trading. The company and Sparkling Drink System Innovation Center Ltd. announced a strategic alliance, which will include mutual R&D, marketing, manufacturing and distribution of the parties' respective home beverage carbonation products and related accessories. Those products include 40 appliances utilizing five different beverage technologies. Through cross-distribution and licensing agreements, the parties' respective products will be made available throughout North America and mutually-agreed territories outside of North America. The strategic alliance includes cross-distribution and licensing agreements pursuant to which Primo Water will distribute its products outside of North America in certain mutually agreed territories exclusively through SDS-IC and certain SDS-IC products will be distributed in North America exclusively by Primo Water.
Primo Water said the alliance will allow each party to market and sell a complete line of home beverage products and will capitalize on each party's expertise in the appliance, flavor and carbonation categories. The cross-distribution and licensing agreements provide for total minimum purchases of $20 million annually. These minimum purchases consist of a commitment by SDS-IC to purchase products from or pay license fees to Primo Water in the amount of $10 million annually and a commitment by Primo Water to purchase products from or pay license fees to SDS-IC in the amount of $10 million annually.
Focus Media Holding Ltd. (FMCN) stock gained 8.31 percent to $18.50 in the pre-market trading. The company responded further to Muddy Waters Allegations. The company provided further information regarding the bases for allocating display devices in its LCD display network device count.
Logitech International SA (LOGI) stock increased 6.79 percent to $8.34 in the pre-market trading.
Golar LNG Ltd. (GLNG) stock gained 6.55 percent to $44.25 in the pre-market trading.
Netlist Inc. (NLST) stock increased 6.21 percent to $3.08 in the pre-market trading.
Century Aluminum Co. (CENX) stock rose 5.51 percent to $9 in the pre-market trading.
A123 Systems, Inc. (AONE) stock rose 5.50 percent to $2.30 in the pre-market trading.
OmniVision Technologies Inc. (OVTI) stock fell 10.01 percent to $10.07 in the pre-market trading. Profit for the second quarter was $21.1 million or $0.35 per share, down from $28.9 million or $0.50 per share last year. Adjusted profit was $30.1 million or $0.48 per share, down from $34.2 million or $0.58 per share last year. Revenue declined to $217.92 million from $239.46 million. Analysts had expected profit of $0.32 per share on revenue of $214.56 million. Looking ahead into the third quarter, the company expects adjusted earnings of $0.05 to $0.17 per share and revenue of $160 million to $180 million, while Street predicts profit of $0.26 per share on revenue of $201.43 million.
Breitburn Energy Partners L.P. (BBEP) stock declined 3.77 percent to $16.60 in the pre-market trading. Quicksilver Resources Inc. (KWK) said it has commenced a registered underwritten public offering of about 6.97 million units of BreitBurn Energy Partners. The underwriters will have a 30-day option to purchase up to about 1.05 milion additional units from Quicksilver to cover over allotments.