10 Stocks Making Moves in Early Trading
Our friends at MarketWatch are pointing out a jolt in these companies this morning. Here are Friday’s early morning movers:
After the closing bell yesterday, BlackBerry maker Research in Motion (NASDAQ:RIMM) announce decreases in revenue and net profit in their first quarter, and a similar outlook for the rest of the year, saying it will have to cut an unspecified number of jobs. Shares are down 15.94% in pre-market trading.
Late in the day Thursday, Capital One (NYSE:COF) won its bid for ING Direct USA (NYSE:ING) for $9 billion in cash and stock. Shares were up after hours yesterday and are up 1.02% in pre-market trading this morning.
Crocs (NASDAQ:CROX) shares closed a a 52-week high yesterday on reports that its newest product — a line of color-changing Chameleon clogs for kids — is selling quickly.
Many recent IPOs are now witnessing their post-hype drops. Shares for these companies are all taking a beating: Renren Inc. (NYSE:RENN), Fusion-io Inc. (NYSE:FIO), LinkedIn (NYSE:LNKD), Phoenix New Media (FENG), Semiconductor Holdings Ltd. (NYSE:FSL), and Pandora (NYSE:P), which has dropped off 35.88% from its IPO price.
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