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Pre-market Movers For Dec 7 (NFLX, ACRX, AMRN, AVGO, ZGNX)

Gainers:

AcelRx Pharmaceuticals, Inc. (ACRX: Quote) is rising 5 percent to $3.48. The company announced that it has priced its underwritten public offering of 12.5 million common shares at $3.31 per share.

Decliners:

Netflix, Inc. (NFLX: Quote) is down 0.36 percent to $85.86. Netflix disclosed that the company and its chief executive Reed Hastings each received a Wells Notice from SEC Staff about its intent to recommend to the SEC to bring a civil action for violations of fair disclosure related to statement he posted in Facebook in July about the 1 billion hour service usage.

Amarin Corporation plc (AMRN: Quote) is plunging 19 percent to $9.71. The company announced $100 million non-equity financing through a hybrid debt-like instrument. The company also noted that it is continuing to assess strategic options.

Avago Technologies Ltd. (AVGO: Quote) is falling over 2 percent to $34.30. The company announced the sale of 21.49 million ordinary shares by certain existing shareholders, including its President and chief executive and entities affiliated with certain directors.

Trading halt:

Trading in shares of Zogenix, Inc. (ZGNX: Quote) was halted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Toy maker Mattel, Inc. (MAT), has announced it will not extend its licensing deal with SeaWorld Entertainment Inc. (SEAS), and end the production of all SeaWorld-related merchandise including SeaWorld Trainer Barbie dolls. "We're not making the dolls anymore," a Mattel spokesman said to the New York... Ride-sharing service Uber Technologies Inc. is facing a lawsuit filed by the National Federation of the Blind of California alleging discrimination of blind people. According to the lawsuit, Uber drivers' discriminate blind persons by refusing to transport their guide dogs along with them. The lawsuit... Video game publisher Activision Blizzard has officially unveiled Call of Duty: Black Ops III, after some teases and a trailer as well. The game will be shipped starting November 6, and will be available on Xbox One, PS4, and PC.
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