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Pre-market Movers For March 27-WAG, MKC, ISTA, APOL, DG, MAPP, SCMF, TRGT, ZSTN

Gainers:

Walgreen Co. (WAG: Quote) is rising 3 percent to $35.43. The company's second quarter profit declined from the previous year. However, earnings per share and sales were above Wall Street view.

McCormick & Company, Inc. (MKC: Quote) is rising 1 percent to $53.50. The company's first quarter profit declined from the previous year. Net sales grew 16 percent. Both earnings per share and sales were above analysts' estimates.

ISTA Pharmaceuticals, Inc. (ISTA: Quote) is gaining nearly 8 percent to $9.03. Bausch + Lomb has agreed to acquire the company for about $500 million or $9.10 per share in cash.

Decliners:

Apollo Group Inc. (APOL: Quote) is falling 6 percent to $40.55. The company swung to a profit in its second quarter. Earnings per share, excluding items, and revenue were above Wall Street view.

Dollar General Corp. (DG: Quote) is falling over 1 percent to $46.50. The company announced a secondary public offering of 25.0 million common shares by certain existing shareholders.

MAP Pharmaceuticals, Inc. (MAPP: Quote) is plunging 16 percent to $14.40. The FDA has issued a Complete Response letter to the company's NDA for orally inhaled investigational migraine drug LEVADEX.

Targacept, Inc. (TRGT: Quote) is falling 5 percent to $5.12. The company announced that it will not pursue further development of TC-6987 as a treatment for diabetes, as the primary outcome measure, change in fasting plasma glucose, was not met in the type 2 diabetes study.

Trading halt:

Trading in shares of Southern Community Financial Co (SCMF: Quote) was halted. Capital Bank Financial Corp., parent of Capital Bank, N.A., announced that it has signed a definitive agreement to acquire 100% of the stock of the company for $2.875 per share.

Trading in shares of ZST Digital Networks, Inc. (ZSTN: Quote) was halted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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