Pre-Market Movers (Urban Outfitters, China Unicom, Nokia, Deutsche Bank, Unilever, Frontline, Groupon, Cummins)

  • Rate this Story
  • 0
  • 0

By Satya Nagendra Padala | August 21, 2012 8:47 PM EST

Urban Outfitters, China Unicom, Nokia Corp, Deutsche Bank, Unilever, Frontline, Groupon and Cummins Inc. are among the companies whose shares are moving in the pre-market trading Tuesday.

REUTERS
People enter and leave Groupon Inc corporate office and headquarters in Chicago, Illinois, November 4, 2011.

Urban Outfitters, Inc. (URBN) stock climbed 16.72 percent to $36.51 in pre-market trading. The company reported the second quarter net profit of $61.3 million or $0.42 per share, up from $56.7 million or $0.35 per share in the same period a year ago and also topped Reuters' estimate of $0.33 per share. Revenue rose to $676 million compared to $609 million last year and against analysts' estimation of $671.58 million.

China Unicom Ltd. (CHU) stock surged 3.55 percent to $16.05 in pre-market trading. The company announced Monday that its 3G customers increased by 3.087 million and 2G customers increased by 327,000 in July.

Nokia Corp. (NOK) stock advanced 1.82 percent to $2.80 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $7.38 and $10.30 billion in market capitalization.

 Deutsche Bank (DB) stock gained 1.56 percent to $33.20 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $30.00 billion in market capitalization.

Unilever NV (UN) stock gained 1.31 percent to $34.88 in pre-market trading. The company announced the sale of its North America frozen meals business to ConAgra Foods for total cash consideration of $267 million.

Frontline Ltd. (FRO) stock plunged 2.89 percent to $3.69 in pre-market trading.

Groupon Inc. (GRPN) stock fell 1.72 percent to $4.57 in pre-market trading. The company stock was recently downgraded to "hold" rating from "buy" rating at Benchmark Co. with a price target of $7.

Cummins Inc. (CMI) stock fell 1.40 percent to $101.27 in pre-market trading. The stock has a 52-week low of $79.53, a 52-week high of $129.51 and $19.56 billion in market capitalization.

To contact the editor, e-mail:

(Photo: REUTERS / Frank Polich)
People enter and leave Groupon Inc corporate office and headquarters in Chicago, Illinois, November 4, 2011.
  • Rate this Story
  • 0
  • 0
This article is copyrighted by International Business Times, the business news leader

Join the Conversation

IBTimes TV

E-Newsletters

We value your privacy. Your email address will not be shared.