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Pre-market Movers For Nov 15- WMT, TGT, PLCE, TPCG, DLTR, ACRX, NTAP, PETM, DVAX

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

Target Corp. (TGT) is rising 1 percent to $62.05. The company's third quarter profit improved 15 percent from the last year period. Total revenues for the quarter improved from the year-ago quarter and were in-line with Wall Street view.

TPC Group Inc. (TPCG) is rising nearly 4 percent to $47.75. Innospec Inc. (IOSP) has raised its proposed price to acquire the company to $47.50 per share in cash. Innospec's prior expression of interest indicated a proposed price range of $44.00 to $46.00 per share.

Dollar Tree, Inc. (DLTR) is up more than 5 percent to $39.73. The company's third quarter earnings increased from the year-ago quarter. Consolidated net sales rose 7.8 percent. Meanwhile, the company slashed its full-year sales guidance.

AcelRx Pharmaceuticals, Inc. (ACRX) is jumping 27 percent to $4.08. The company announced top-line data showing that the open-label Phase 3 study of its investigational sublingual Sufentanil NanoTab PCA System met its primary endpoint of non-inferiority in patient global assessment with method of pain control in comparison to intravenous PCA with morphine.

NetApp, Inc. (NTAP) is surging 12 percent to $30.30, PetSmart, Inc. (PETM) is up 5 percent to $68.00 following the release of their quarterly results.

Decliners:

Wal-Mart Stores, Inc. (WMT) is falling 3 percent to $69.25. The company's third quarter earnings improved from the year-ago period. Total revenue increased 3.4 percent, but was below the consensus estimate. Walmart U.S. comparable store sales increased 1.5 percent. The company raised the low end of its fiscal 2013 earnings per share guidance range, but were below Wall Street view.

Children's Place Retail Stores, Inc. (PLCE) is falling nearly 10 percent to $51.49. The company's third quarter earnings and net sales improved from the same period a year earlier and were in-line with analysts' estimates. The company forecast fourth quarter non-GAAP adjusted earnings per share below analysts' estimate and also lowered its fiscal 2012 non-GAAP adjusted earnings per share guidance.

Trading halt:

Trading in shares of Dynavax Technologies Corp. (DVAX) was halted.

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