Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Pre-market Movers For May 11 (JPM, JWN, NVDA, GKNT, ARNA, WWWW)

RELATED NEWS
Trade JPM now with 

Gainers:

NVIDIA Corp. (NVDA: Quote) is up 7 percent to $13.34. The company's first quarter profit plunged from the year-ago quarter. Revenue declined from the prior year period, but was above Wall Street view. Meanwhile, the company guided second quarter revenue above consensus.

Arena Pharmaceuticals, Inc. (ARNA: Quote) is jumping 92 percent to $7.05. The company announced that the FDA Endocrinologic and Metabolic Drugs Advisory Committee has recommended the approval of its investigational drug candidate lorcaserin intended for weight management.

Decliners:

JPMorgan Chase & Co. (JPM: Quote) is down 8 percent to $37.46. The company disclosed that since March 31, 2012, its Chief Investment Office has had hefty mark-to-market losses in its synthetic credit portfolio that has proved to be more riskier than expected. The company currently estimates its Corporate business, within the Corporate/Private Equity segment, to incur a net loss in its second quarter of about $800 million, which excludes Private Equity results and litigation expense.

Nordstrom, Inc. (JWN: Quote) is declining 4 percent to $51.55. The company's first quarter profit increased from the previous year period, but missed Wall Street view. Net sales improved 13.7 percent, while same-store sales increased 8.5 percent. Meanwhile, the company expects fiscal 2012 earnings per share below analysts' estimate.

Web.com Group, Inc. (WWWW: Quote) is falling more than 2 percent to $15.16. The company announced the pricing of public offering of 8 million shares of its common stock by certain selling stockholders at $15.25 per share.

Trading halt:

Trading in shares of Geeknet, Inc. (GKNT: Quote) was halted. The company announced its plan to explore strategic alternatives with respect to its online media business, including the SourceForge, Slashdot and Freecode websites.

Register
To receive FREE breaking news email alerts for JPMorgan Chase & Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. US President Back Obama on Tuesday announced a new round of sanctions against Russia over Moscow's continued involvement in the ongoing conflict in Ukraine, hours after the European Union decided to expand its own sanctions imposed on Russia over the same issue. "Because we are closely coordinating our actions with Europe, the sanctions we are announcing today will have an even bigger bite. After showing a notable move to the upside in early trading on Tuesday, stocks showed a substantial downturn over the course of the session. Concerns about the impact of new sanctions against Russia weighed on the markets.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.