The top pre-market NASDAQ Stock Market gainers are: Hutchinson Technology, SodaStream International, Cytori Therapeutics, Ariad Pharmaceuticals, and Yahoo!. The top pre-market NASDAQ Stock Market losers are: Zalicus, DragonWave, Aixtron, OmniVision Technologies, and WPP.
Hutchinson Technology Inc. (HTCH) stock jumped 21.15 percent to $2.75 in the pre-market trading. The company said it shipped about 118 million suspension assemblies in its preliminary third quarter, up 15 percent from its second quarter shipments of 102.3 million. Net sales for the quarter totaled around $72 million, up 14 percent from $63.3 million. Our shipments over the last 9 weeks of our third quarter averaged approximately 10 million suspensions per week, and we expect this pace to continue into the fourth quarter. As a result, we currently expect our fourth quarter shipments to exceed our third quarter shipments, said Wayne Fortun, Hutchinson Technology's president and chief executive.
SodaStream International Ltd. (SODA) stock increased 3.48 percent to $72.85 in the pre-market trading. The company said it will break ground on a new 850,000 square-foot manufacturing facility in Israel on Wednesday. The new primary site is expected to go live during 2013 at an approximate cost of euro 30 million. This state-of-the-art facility will be the anchor project of a new industrial park near the southern town of Beersheba. SodaStream currently has 13 production facilities worldwide, including a new one in the Galilee town of Alon Tavor that went live on June 26th, 2011, four weeks ahead of schedule.
Cytori Therapeutics, Inc. (CYTX) stock gained 2.19 percent to $5.60 in the pre-market trading.
Ariad Pharmaceuticals Inc. (ARIA) stock moved up 0.84 percent to $12 in the pre-market trading.
Yahoo! Inc. (YHOO) stock moved up 0.71 percent to $15.60 in the pre-market trading.
DragonWave Inc. (DRWI) stock fell 6.33 percent to $5.92 in the pre-market trading. The company said Brian McCormack, Vice President of Worldwide Sales has submitted his resignation and will be leaving the company. Effective immediately, regional sales executives will report directly to Peter Allen. McCormack will support this transition over the next 45 days before moving on to pursue other interests.
Zalicus Inc. (ZLCS) stock tumbled 5.32 percent to $2.49 in the pre-market trading.
Aixtron SE (AIXG) stock declined 4.84 percent to $31.63 in the pre-market trading.
OmniVision Technologies Inc. (OVTI) stock decreased 4.82 percent to $33 in the pre-market trading. A former senior director at Flextronics International, Walter Shimoon, pleaded guilty on Tuesday, telling a U.S. judge he was paid $200 an hour by an expert network firm to spill inside information to hedge funds. Shimoon, arrested in December, was accused of leaking secrets about Apple Inc. (AAPL) iPad ahead of its launch and giving up new details about the company's iPhone 4 and iPad. Shimoon on Tuesday said he provided production schedules and sales forecasts for Flextronics provider Omnivision Technologies to Primary Global Research customers.
WPP plc (WPPGY) stock moved down 3.04 percent to $60.96 in the pre-market trading. Ogilvy CommonHealth Worldwide, a WPP company, announced two new hires and six promotions at their Ogilvy Healthworld office in New York, NY. Joining Ogilvy Healthworld as executive group director, Paul Steiner will be responsible for fostering current client relationships and new business development for the agency. Dorsey Montenecourt comes to Ogilvy Healthworld as an associate creative director.
With Ogilvy Healthworld, Nami Choe has been elevated to partner, senior director, consulting from her prior position as partner, director. Andrew Marber has been promoted from partner, senior copywriter to associate creative director. Terrence Lai has been advanced from senior manager, marketing consulting and analytics to associate director, marketing consulting and analytics. Carolina Amaya, an Ogilvy Healthworld employee for more than four years, has elevated from senior account executive to account supervisor. Michelle McGibbon has risen from senior account executive to account supervisor. Katie Congress has been promoted from account executive to senior account executive.