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Pharmaceutical industry

NASDAQ Stock Market Pre-Market Gainers and Losers

Strategic Insights

— 2 min read

The NASDAQ Stock Market's pre-market trading shows significant gains and losses among top stocks. Conns Inc. (CONN) leads the gainers with a 31.83% increase, while Hercules Offshore (HERO) leads the losers with a 9.25% decline. Expedia Inc. (EXPE) is expected to undergo a spin-off into two publicly traded entities, while Seagate Technology PLC (STX) guides third-quarter revenue above Street views. NXP Semiconductors NV (NXPI) is in takeover talks with major tech companies. On the other hand, Idenix Pharmaceuticals Inc. (IDIX) commences an underwritten registered public offering of shares, while Qiao Xing Universal Resources, Inc. (XING) announces the resignation of its chief financial officer.

Key Takeaways:

  • Conns Inc. (CONN) stock jumped 31.83% to $7.29 in the pre-market trading after its interim CEO Theodore Wright purchased $96,800 of company shares and CFO Michael Poppe purchased $50,100 of company shares.
  • Expedia Inc. (EXPE) stock advanced 15.00% to $25.76 in the pre-market trading after its board of directors preliminarily approved a plan to separate the company into two publicly traded entities.
  • Seagate Technology PLC (STX) stock grew 7.69% to $15.82 in the pre-market trading after guiding third-quarter revenue above Street views, with revenue expected to be around $2.7 billion and gross margin near or slightly above 18% to 19%.
  • NXP Semiconductors NV (NXPI) stock gained 4.80% to $34.52 in the pre-market trading after the company confirmed it is in takeover talks with major tech companies, including Intel Corporation (INTC), Qualcomm Inc. (QCOM), and Broadcom Corp. (BRCM).
  • Hercules Offshore, Inc. (HERO) stock plunged 9.25% to $5.79 in the pre-market trading after the company received a subpoena from the Securities and Exchange Commission (SEC) for an investigation into possible violations of securities laws.
  • Idenix Pharmaceuticals Inc. (IDIX) stock fell 7.41% to $3 in the pre-market trading after the company commences an underwritten registered public offering of shares of its common stock.
  • Qiao Xing Universal Resources, Inc. (XING) stock declined 4.95% to $2.11 in the pre-market trading after its chief financial officer Jiang Aijun resigned from his position.
  • Costco Wholesale Corp. (COST) stock moved down 0.91% to $77.11 in the pre-market trading.

Statistics:

  • Conns Inc. (CONN) stock price increased by 31.83% to $7.29 in the pre-market trading.
  • Expedia Inc. (EXPE) stock price advanced by 15.00% to $25.76 in the pre-market trading.
  • Seagate Technology PLC (STX) revenue expected to be around $2.7 billion in the third quarter.
  • Seagate Technology PLC (STX) gross margin expected to be near or slightly above 18% to 19% in the third quarter.
  • NXP Semiconductors NV (NXPI) stock price gained 4.80% to $34.52 in the pre-market trading.
  • Hercules Offshore, Inc. (HERO) stock price decreased by 9.25% to $5.79 in the pre-market trading.
  • Idenix Pharmaceuticals Inc. (IDIX) stock price fell 7.41% to $3 in the pre-market trading.
  • Qiao Xing Universal Resources, Inc. (XING) stock price declined 4.95% to $2.11 in the pre-market trading.

Sources:

  • Conns Inc. (CONN) press release (no date)
  • Expedia Inc. (EXPE) press release (April 29, 2011)
  • Seagate Technology PLC (STX) press release (April 29, 2011)
  • NXP Semiconductors NV (NXPI) press release (cited by De Telegraaf, April 29, 2011)
  • Hercules Offshore, Inc. (HERO) press release (April 28, 2011)
  • Idenix Pharmaceuticals Inc. (IDIX) press release (April 29, 2011)
  • Qiao Xing Universal Resources, Inc. (XING) press release (April 29, 2011)

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