The top pre-market NASDAQ Stock Market gainers are: Universal Display, Limelight Networks, Green Mountain Coffee Roasters, Dendreon, and NetApp. The top pre-market NASDAQ Stock Market losers are: NuPathe, Central European Distribution, Hercules Offshore, LM Ericsson Telephone, and ASML Holding.
Universal Display Corp. (PANL) stock grew 7.32 percent to $54.97 in the pre-market trading. The company said it has entered into a technology license agreement with Panasonic Idemitsu OLED Lighting Co., Ltd. Panasonic Idemitsu OLED Lighting PIOL will be licensed to integrate Universal Display's proprietary UniversalPHOLED phosphorescent and other OLED technologies and materials into OLED lighting products.
Further, Universal Display said under the license agreement, it has granted license rights under various patents and associated know-how owned or controlled by Universal Display for PIOL to manufacture and sell OLED products for lighting applications. PIOL will pay Universal Display running royalties on its sales of these products under the agreement, with a portion of the royalties prepaid. The terms of both agreements run through July 31, 2014.
Limelight Networks, Inc. (LLNW) stock gained 6.45 percent to $2.64 in the pre-market trading. DG Fastchannel Inc. (DGIT) said it agreed to buy the EyeWonder video and rich media advertising unit from Limelight Networks for a cash consideration of about $66 million. The transaction is expected to complete on Sept. 1, 2011.
Green Mountain Coffee Roasters Inc. (GMCR) stock moved up 0.42 percent to $99.12 in the pre-market trading. Starbucks Corp. (SBUX) said coffee packets under its brand for Green Mountain Coffee Roasters Inc's single-serve Keurig coffee machines will be sold in U.S. grocery and speciality retail stores from November, in time for the key holiday season, according to Reuters. Starbucks also said it plans to grow its sales of K-Cups -- small plastic packets filled with coffee beans -- to $1 billion over time.
Dendreon Corp. (DNDN) stock moved up 0.41 percent to $12.30 in the pre-market trading.
NetApp, Inc. (NTAP) stock moved up 0.35 percent to $37.45 in the pre-market trading.
NuPathe, Inc. (PATH) stock plunged 48.14 percent to $2.10 in the pre-market trading. The company said FDA rejected its experimental migraine patch (NP101 or Zelrix) and it may need to conduct additional trials to address the issues raised by regulators. In a complete response letter to the company, the U.S. Food and Drug Administration raised questions related to the chemistry, manufacturing and safety of the treatment, known as Zelrix, according to Reuters. NuPathe believes it has, or shortly will have, sufficient data to address the issues and may conduct additional early-stage and/or non-clinical studies to address other questions. The company will also request a meeting with the FDA to discuss the letter and its approach to resolve the issues.
Central European Distribution Corp. (CEDC) stock fell 6.10 percent to $7.70 in the pre-market trading. In a regulatory filing Monday, Mark Kaufman disclosed holding of about 6.96 million shares or 9.6 percent stake in Central European Distribution. Kaufman, who is a citizen of the Russian Federation and of Israel, is a private investor and business consultant for the wines and spirits sector. Kaufman disclosed that he may engage in discussions with company's management and the board of directors concerning the business, assets, capital structure, financial condition, operations, governance, management, strategy and future plans, with the aim of creating additional value in the company.
Hercules Offshore, Inc. (HERO) stock slid 3.78 percent to $3.82 in the pre-market trading.
LM Ericsson Telephone Co. (ERIC) stock declined 2.87 percent to $10.83 in the pre-market trading.
ASML Holding NV (ASML) stock decreased 2.51 percent to $34.90 in the pre-market trading.