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

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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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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