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Pre-market Movers For Dec 5 (NOK, SBUX, WAG, FCX, PXP, MMR, FRAN, UEPS, P, MFRM)

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12/5/2012 8:53 AM ET

Gainers:

Nokia Corp. (NOK: Quote) is rising nearly 3 percent to $3.54. The company announced a partnership with China Mobile to launch Lumia 920T, the first TD-SCDMA windows phone in China.

Starbucks Corp. (SBUX: Quote) is gaining 1 percent to $51.75. The company reaffirmed its growth agenda across its global retail, emerging brands and CPG channels. The company said it will have more than 20,000 retail stores on six continents by 2014 and more than 200,000 points of global CPG distribution by 2015. The company also noted that China is expected to become its largest market outside of the U.S. in 2014 and is on plan to have 1,500 stores in 70 cities in 2015.

Plains Exploration & Production Co. (PXP: Quote) is rising 26 percent to $45.37. Mcmoran Exploration Co. (MMR: Quote) is jumping 74 percent to $14.70. Freeport-McMoRan Copper & Gold Inc. (FCX: Quote) has agreed to acquire both the companies in transactions totaling $20 billion. FCX is down 13 percent to $33.20.

Francesca's Holdings Corp. (FRAN: Quote) is rising over 8 percent to $29.14. The company's third quarter profit and net sales surged from the previous year period. The company also raised its full-year forecast.

Net 1 UEPS Technologies Inc. (UEPS: Quote) is rising 12 percent to $3.61 following the company's assurance that it is continuing to provide the South African government with its payment delivery service. Earlier, the company disclosed that U.S. Department of Justice and the SEC are conducting investigations raising questions and concerns about the company and its SASSA contract.

Decliners:

Walgreen Co. (WAG: Quote) is down 1 percent to $33.94. The company's November sales decreased 3.9 percent. Total front-end sales decreased 0.3 percent, while comparable store front-end sales decreased 1.7 percent. November pharmacy sales decreased 4.7 percent, while comparable store pharmacy sales fell 8.8 percent.

Tibco Software Inc. (TIBX: Quote) is falling 14 percent to $21.30 as it forecast fourth quarter earnings and sales below Wall Street view.

Pandora Media, Inc. (P: Quote) is plunging 16 percent to $7.95 as the company lowered its fiscal year 2013 forecast.

Mattress Firm Holding Corp. (MFRM: Quote) is down 21 percent to $23.84 after it lowered its full-year guidance.

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by RTT Staff Writer

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