Pre-market Movers For August 20 (CVH, AET, LOW, BBY, ZAGG)

Best Buy Q1 Profit From Cont. Ops. Decreases - Quick Facts

Best Buy Q1 14 Earnings Conference Call At 8:00 AM ET

Best Buy Founder Richard Schulze Returns As Chairman Emeritus - Quick Facts

Trade BBY now with

8/20/2012 8:39 AM ET

Gainers:

Coventry Health Care Inc. (CVH: Quote) is jumping 18 percent to $41.25. Aetna Inc. (AET: Quote) has agreed to buy the company for $7.3 billion, including the assumption of debt. AET is up 1 percent to $38.50.

Decliners:

Lowe's Companies, Inc. (LOW: Quote) is falling 6 percent to $26.23. The company's second quarter profit declined from the year-ago period. Net sales for the quarter were below the consensus estimate. The company lowered its full-year earnings per share forecast, which is below Wall Stree view.

Best Buy Co., Inc. (BBY: Quote) is down nearly 4 percent to $19.50. The company announced that it has appointed Hubert Joly as its President and chief executive and a member of its board. Joly will succeed Mike Mikan, who has served in the interim role since April.

ZAGG Inc. (ZAGG: Quote) is falling more than 8 percent to $7.70. The company announced that its chief executive and Chairman Robert Pedersen has stepped down. The company has appointed President and COO Randall Hales as interim CEO and Cheryl Larabee to serve as Chairperson.

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by RTT Staff Writer

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