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Pre-market Movers For May 30 (RIMM, FB, MON, OSIR, DGIT)

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5/30/2012 8:37 AM ET

Gainers:

Monsanto Co. (MON: Quote) is rising 3 percent to $76.95. The company raised its fiscal-year 2012 earnings guidance. The company said it expects ongoing earnings to grow up to 25 percent year-over-year in fiscal year 2012, ahead of continued strong growth in fiscal year 2013. Osiris Therapeutics, Inc. (OSIR: Quote) is gaining 16 percent to $7.53. The company announced that it has received transitional pass-through status from the Center for Medicare & Medicaid Services, with C-Codes being designated for Grafix.

Digital Generation, Inc. (DGIT: Quote) is rising 11 percent to $10.04.

Decliners:

Research In Motion Ltd. (RIMM: Quote) is falling 10 percent to $10.10. The company announced that the ongoing competitive environment is impacting its business in the form of lower volumes and highly competitive pricing dynamics in the marketplace. The company said it expects its first quarter results to reflect this, and likely result in an operating loss for the quarter.

Facebook, Inc. (FB: Quote) is falling 1 percent to $28.55.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply higher over the course of the trading day on Friday, more than offsetting the weakness seen on Thursday. In a reversal from the previous session, the markets benefited from some upbeat U.S. economic data as well as comments from a Federal Reserve official. The major averages saw further upside going into the close, with the Dow and the S&P 500 reaching new record highs. As the IRS targeting scandal continues to make headlines, animal-protection charity People for the Ethical Treatment of Animals, or PETA, claims that conservative groups are not the only ones that have faced increased scrutiny from the agency. While the IRS targeting scandal has taken center stage on Capitol Hill on Friday, the results of a new Gallup poll showed that the American public's interest in the story is comparatively low based on historical measures. The poll showed that 54 percent of Americans are following the news that the IRS targeted conservative groups for greater scrutiny "very" or "somewhat" closely.
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