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Pre-market Movers For September 11 (AIG, MCD, UNFI, NAVB, WSB, LM, DDMG)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

McDonald's Corp. (MCD) is rising 0.77 percent to $92. The company's global comparable sales for August improved 3.7 percent. The company's U.S. comparable sales rose by 3.0 percent.

WSB Holdings, Inc. (WSB) is surging 97 percent to $5.75 based on the news that Old Line Bancshares will acquire the company for about $49 million, or about $6.12 per share, in cash and stock, subject to adjustment.

Legg Mason Inc. (LM) is rising 1 percent to $25.78. The company announced that its Chairman and Chief Executive Officer Mark Fetting has decided to step down effective October 1. He will remain as a consultant through year end. Allen Reed will become Non-Executive Chairman and Joseph Sullivan will become interim Chief Executive Officer.

Decliners:

American International Group, Inc. (AIG) is falling 2 percent to $32.60 based on the news that the U.S. Treasury has priced an offering of about 553.8 million company shares at $32.50 per share.

United Natural Foods, Inc. (UNFI) is down 7 percent to $56.11 as the company forecast fiscal 2013 earnings per share below Wall Street view. Meanwhile, the company's fourth quarter profit increased from the year-ago quarter and its earnings per share matched Wall Street view. Net sales for the quarter increased 16.0 percent and also managed to surpass the consensus estimate.

Navidea Biopharmaceuticals, Inc (NAVB) is plunging 32 percent to $2.37 as the company has received a complete response letter from the FDA regarding its new drug application for Lymphoseek Injection.

Trading halt:

Trading in shares of Digital Domain Media Group, Inc. (DDMG) was halted. The company announced that as part of its previously announced strategic realignment, it has filed for Chapter 11 Bankruptcy.

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