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

Gainers:

Walgreen Co. (WAG) 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) 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) 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) 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) 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) 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) 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) 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) was halted.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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