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Pre-market Movers For March 22 (DG, POZN, SEED, RGR, CAG, FDX, GIII, LULU, GOLD)

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3/22/2012 8:51 AM ET

Gainers:

Dollar General Corp. (DG: Quote) is gaining more than 1 percent to $45.50. The company's fourth quarter profit increased from the previous year. Adjusted earnings per share and net sales were above Wall Street view.

POZEN Inc. (POZN: Quote) is rising over 12 percent to $5.41. The company announced that primary endpoint was met in two pivotal Phase 3 clinical trials of PA32540, a coordinated-delivery tablet of immediate-release omeprazole (40 mg) and delayed release aspirin (325 mg). The company said it has completed the long-term safety study and the two pivotal studies, targeting a New Drug Application submission for third quarter 2012.

Origin Agritech (SEED: Quote) is gaining over 5 percent to $3.27. The company is reportedly close to becoming the first seed developer to win a genetically modified seed product approved for the Chinese market.

Sturm, Ruger & Co. (RGR: Quote) is gaining 11 percent to $47.00. The company announced that it has received orders for more than one million units for the first quarter 2012. Therefore, the company said it has temporarily suspended the acceptance of new orders. The company expects to resume the normal acceptance of orders by the end of May 2012.

Decliners:

ConAgra Foods, Inc. (CAG: Quote) is falling nearly 1 percent to $26.15 . The company's third quarter profit and sales increased from the year-ago quarter. The company expects a modest growth in fourth quarter adjusted earnings on the back of continued momentum in the potato business.

FedEx Corp. (FDX: Quote) is falling over 1 percent to $94.20. The company's third quarter profit jumped from the year-ago quarter. Adjusted earnings per share were sharply above analysts' estimate. Revenue rose 9 percent, but was below consensus.

G-III Apparel Group, Ltd. (GIII: Quote) is down 6 percent to $25. The company's fourth quarter profit plunged from the previous year period. Both earnings per share and sales were below analysts' expectations.

lululemon athletica inc. (LULU: Quote) is down 2 percent to $72.63. The company guided first quarter earnings per share below Wall Street view. However, the company's fourth quarter profit and net revenue increased from the previous year.

Randgold Resources Ltd. (GOLD: Quote) is down over 11 percent to $91.49. The company said it was keeping a close watch on developments in Mali, where elements of the army appear to have mounted a coup attempt. The company said it was in touch with its sources within the country and would make a statement once it had obtained more clarity on the situation. Meanwhile, the company said, operations at Loulo and Gounkoto as well as at Morila joint venture were running normally.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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