Pre-market Movers For Sept 24 (AAPL, FB, LEN, TIVO, HEB, PPHM, QCOR)

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9/24/2012 8:57 AM ET

Gainers:

Lennar Corp. (LEN: Quote) is rising over 3 percent to $38.75. The company's third quarter profit and revenues jumped from the year-ago period. The company noted that the housing market has stabilized and recovery is well underway.

TiVo Inc. (TIVO: Quote) is rising nearly 10 percent to $10.47. The company announced that it has settled its pending patent litigation with Verizon Communications Inc. (VZ). Under the terms of the settlement, Verizon will provide TiVo total compensation worth at least $250.4 million.

Hemispherx BioPharma, Inc. (HEB: Quote) is rising 10 percent to $1.10. The company announced that the FDA has tentatively scheduled an Advisory Committee meeting on December 20, 2012 to discuss the Ampligen New Drug Application for Chronic Fatigue Syndrome.

Decliners:

Apple Inc. (AAPL: Quote) is down 2 percent to $686.76. Apple announced it has sold over five million of its new iPhone 5, just three days after its launch on September 21. The company also announced that more than 100 million iOS devices have been updated with iOS 6 operating system.

Peregrine Pharmaceuticals (PPHM: Quote) is plunging 85 percent to $0.82. The company announced that it has discovered major discrepancies in treatment group coding by an independent third-party vendor responsible for distribution of blinded investigational product used in its Bavituximab Phase II second-line non-small cell lung cancer trial. The company noted that investors should not rely on clinical data it disclosed on or before September 7, 2012 from its Phase II bavituximab trial.

Questcor Pharmaceuticals, Inc. (QCOR: Quote) is down 21 percent to $23.75 based on its disclosure that it has became aware of a U.S. government investigation involving its promotional practices. The company intends to cooperate with the government in its investigation.

Facebook, Inc. (FB: Quote) is down 5 percent to $21.70.

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by RTT Staff Writer

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