Nokia Corp, Anheuser-Busch InBev, Coach Inc, Qiagen, Arcelormittal, Deutsche Bank, Idenix Pharmaceuticals and Nice Systems Ltd are among the companies whose shares are moving in pre-market trading Wednesday.
Nokia Corp. (NOK) stock climbed 13.28 percent to $2.73 in pre-market trading. Nokia's Chief Executive Officer Stephen Elop and several directors last week bought more than $1 million of the company's shares, which fell to an 18-year low this month amid plunging sales, Bloomberg reported.
Anheuser-Busch InBev NV (BUD) stock surged 3.08 percent to $81.66 in pre-market trading. Its second quarter net income rose to $1.96 billion or $1.23 per share from $1.45 billion or $0.90 per share in the same quarter a last year.
Coach Inc. (COH) stock gained 2.33 percent to $50.48 in pre-market trading. The company stock slumped more than 18 percent in regular trading Tuesday as its fourth quarter revenue fell short of expectations. Fourth quarter net revenue rose 12 percent to $1.16 billion compared $1.03 billion in the same period a year ago but fell short of analysts' estimate of $1.20 billion.
Qiagen NV (QGEN) stock advanced 1.82 percent to $17.93 in pre-market trading. The stock has a 52-week low of $12.47, a 52-week high of $18.07 and $4.15 billion in market capitalization.
Arcelormittal (MT) stock advanced 1.76 percent to $16.18 in pre-market trading. The stock has a 52-week low of $13.28, a 52-week high of $31.61 and $24.63 billion in market capitalization.
Deutsche Bank AG (DB) stock advanced 1.32 percent to $30.74 in pre-market trading. The bank announced Tuesday that it would cut 1900 jobs, mostly outside of its core German operations, in an effort to save $3.68 billion as part of a broader strategic overhaul.
Idenix Pharmaceuticals, Inc. (IDIX) stock slumped 6.22 percent to $9.50 in pre-market trading. The company announced Tuesday that it had commenced an underwritten registered public offering of $150 million of its common stock.
Nice Systems Ltd. (NICE) stock plunged 3.28 percent to $34.82 in pre-market trading. The company reported second quarter net profit of $11.18 million or $0.18 per share, down from $15.55 million or $0.24 per share in the same quarter last year. Revenue rose 8.5 percent to $212.11 million compared to same period last year but fell short of analysts' estimate of $221.32 million.
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