StreetInsider.com Pre-Open Movers 1/03: Sciele Pharma (SCRX) Up On FDA News, Superior Energy (SPN) Higher on Contract

January 3, 2008 9:26 AM EST

StreetInsider.com Pre-Open Movers:

Sciele Pharma Inc. (Nasdaq: SCRX) 11% HIGHER; Announces FDA Approval of New Sular(R) Formulation

EntreMed Inc. (Nasdaq: ENMD) 9% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has accepted its Investigational New Drug (IND) application for its aurora kinase/angiogenesis inhibitor, ENMD-2076.

Netflix, Inc. (Nasdaq: NFLX) 9% HIGHER; LG Electronics and Netflix Announce Plan to Stream Movies From the Internet to the TV

Superior Energy Services Inc. (NYSE: SPN) 9% HIGHER; signed contracts with subsidiaries of BP plc, Chevron Corporation and Apache Corporation to decommission seven downed platforms and related well facilities located offshore Louisiana for a fixed sum of $750 million.

Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) 8% HIGHER; Signs $230 Million Wafer Supply Contract

Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) 6% LOWER; Wachovia downgrades to Underperform

OSI Pharmaceuticals, Inc. (NASDAQ: OSIP) 5% LOWER; announced plans to offer a new issue of $150 million of Convertible Senior Subordinated Notes due 2038. The notes will be convertible into OSI common stock at a price to be determined

Sina Corp. (Nasdaq: SINA) 4% HIGHER; Piper Jaffray upgrades to Buy

Monsanto Co. (NYSE: MON) 4% HIGHER; reports Q1 EPS of $0.46, above the consensus of $0.35. Revenues came in at $2.1 billion, versus the consensus of $1.87 billion. Sees FY EPS of $2.50-$2.60, ex-Solutia effect, versus the consensus of $2.59

United Rentals, Inc. (NYSE: URI) 3.5% HIGHER; UBS upgrades to Buy with a $26 price target.

Walgreens (NYSE: WAG) 3% LOWER; said December sale rose 7.8% to $5.51 billion. Sales in comparable stores rose 2.6%. December pharmacy sales increased 8.4%, while comparable pharmacy sales increased 3.3%. Comparable pharmacy sales were negatively impacted by 4.4% points due to generic drug introductions in the last 12 months. Comparable store front-end sales increased 1.7 percent during December

Peabody Energy Corp. (NYSE: BTU) 1.7% LOWER; Merrill Lynch downgrades to Neutral

ITT Corporation (NYSE: ITT) 1% HIGHER; Jim Cramer makes positive comments.

Xethanol Corporation (AMEX: XNL) INDICATED HIGHER; Extends Research Agreement with National Renewable Energy Laboratory

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