Pre-market Movers For June 6 (CHK, ABX, UNH, CSTR, SBUX, IRM, ACOM, TPX, MFRM)

RELATED NEWS

6/6/2012 8:43 AM ET

Gainers:

Iron Mountain Inc. (IRM: Quote) is rising 13 percent to $32.20 based on the news that the company plans to pursue conversion to a Real Estate Investment Trust. The company also announced an 8 percent increase in its next six regular quarterly dividend payments.

Chesapeake Energy Corp. (CHK: Quote) is up 4 percent to $17.70. The company is reportedly close to selling its pipeline assets to Global Infrastructure Partners for more than $4 billion.

Barrick Gold Corp. (ABX: Quote) is up more than 1 percent to $42.74. The company announced the appointment of Executive Vice President and Chief Financial Officer Jamie Sokalsky as President and Chief Executive Officer, replacing Aaron Regent.

UnitedHealth Group Inc. (UNH: Quote) is gaining more than 1 percent to $56.89. The company's board raised cash dividend to $0.2125 per share and also renewed share repurchase program, authorizing the purchase of 110 million shares over time.

Coinstar, Inc. (CSTR: Quote) is up 3 percent to $61.17. Seattle's Best Coffee, part of Starbucks Corp. (SBUX: Quote), announced an exclusive agreement to roll out Coinstar's new Rubi coffee kiosk in the grocery, drug and mass merchant retail channels featuring Seattle's Best Coffee beverages. SBUX is up more than 1 percent to $53.00.

Ancestry.com Inc. (ACOM: Quote) is rising 16 percent to $26.25. The company is reportedly weighing sale of the company.

Decliners:

Tempur-Pedic International Inc. (TPX: Quote) is plunging more than 42 percent to $25.03. The company announced that it currently expects net sales for the second quarter to be 3-5 percent below last year, and earnings per share to decrease approximately 50 percent. The company specified that its second quarter sales to date in North America have been below its plan. The company also lowered its financial guidance for 2012.

Mattress Firm Holding Corp. (MFRM: Quote) is falling over 13 percent to $30.50. The company's first quarter profit surged from the year-ago quarter. Net sales increased 38.1 percent, but missed the consensus estimate. Additionally, the company guided second quarter sales below market expectation.

To receive FREE breaking news email alerts for Barrick Gold Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

<<Previous 55 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.