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Pre-market Movers For Feb 25 (BKS, LOW, ZNGA, AFFY, DVAX)

2/25/2013 8:38 AM ET

Gainers:

Barnes & Noble, Inc. (BKS: Quote) is gaining 13 percent to $15.28. The company announced that its board has received a notice on its founder Chairman Leonard Riggio's proposal to purchase all assets of its retail business. Incidentally, Riggio is also the largest shareholder of the company.

Lowe's Companies, Inc. (LOW: Quote) is up 0.40 percent to $37.82. The company's fourth quarter profit declined from the previous year period. Net sales fell 5.0 percent, but managed to surpass the consensus estimate. Meanwhile, the company forecast fiscal 2013 earnings per share below Wall Street view. The company also authorized the repurchase of up to $5 billion of common stock.

Zynga, Inc. (ZNGA: Quote) is rising 10 percent to $3.52.

Decliners:

Affymax, Inc. (AFFY: Quote) is plunging 82 percent to $2.94. The company and Takeda Pharmaceutical Co. Ltd. announced on Sunday a nationwide voluntarily recall of all lots of OMONTYS injection to the user level as a result of new postmarketing reports regarding serious hypersensitivity reactions.

Dynavax Technologies Corp. (DVAX: Quote) is slumping 29 percent to $2.11. The company announced today that it has received a Complete Response Letter from the FDA regarding its Biologic License Application for HEPLISAV, an investigational adult hepatitis B vaccine.

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by RTT Staff Writer

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