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Pre-market Movers For April 9 (AOL, MSFT, LLY, CRRB, CALL, OPTR, CKSW, AAPL)

Gainers:

AOL, Inc. (AOL) is jumping 30 percent to $24.01. AOL has agreed to sell over 800 of its patents and their related patent applications to Microsoft Corp. (MSFT). The company would also grant Microsoft license to more than 300 additional patents and patent applications. The aggregate proceeds of the deal would be $1.056 billion in cash. MSFT is down nearly 1 percent to $31.26.

Eli Lilly & Co. (LLY) is gaining 1 percent to $41.00. The FDA has approved Amyvid, a radioactive diagnostic agent indicated for brain imaging of beta-amyloid plaques in patients with cognitive impairment who are being evaluated for Alzheimer's Disease and other causes of cognitive decline.

Carrollton Bancorp (CRRB) is jumping 26 percent to $5.10, as the parent company for Carrollton Bank, said it agreed to be merged with Jefferson Bancorp, Inc., the parent company for Bay Bank and FSB. Carrollton will be the surviving holding company in the merger.

magicJack VocalTec Ltd. (CALL) is rising 6 percent to $22.03. The company guided first quarter results below Wall Street view. The company also announced that it plans to resume its share buyback program.

Decliners:

Optimer Pharmaceuticals, Inc. (OPTR) is falling nearly 5 percent to $13.61. The company has removed Michael Chang as Chairman and terminated its CFO John Prunty and its Vice President Youe-Kong Shue. The company said changes were related to certain lapses in corporate governance practices and its relationship with Optimer Biotechnology, Inc., its 43%-owned independent, Taiwanese-based affiliate.

ClickSoftware Technologies Ltd. (CKSW) is falling 8 percent to $11.50. The company's revenue growth guidance of 12 percent is below Wall Street view. The company stated that quarterly revenues came in somewhat below expectations due to seasonal first quarter softness.

Apple Inc. (AAPL) is falling 1 percent to $626.77.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk. Canadian pipeline operator Enbridge Inc. said it will cut about 1,000 jobs, or six percent of its workforce, following the completion of its acquisition of Houston-based Spectra Energy Corp. The job cuts will take place across the merged company.
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