Pre-Open Movers 9/2: Sciele Pharma (SCRX) Higher On Buyout; Airlines (DAL, AMR, LCC, etc.) Up On Drop in Crude

September 2, 2008 9:26 AM EDT

StreetInsider.com Pre-Open Movers:

Sciele Pharma, Inc. (NASDAQ: SCRX) 58% HIGHER; entered into a definitive agreement to be acquied by Shionogi & Co., Ltd. at a price of $31 per share, for a total equity purchase price of approximately $1.1 billion.

Delta Air Lines (NYSE: DAL) 14% HIGHER; Airlines are higher on today's $7 drop in Crude after Hurricane Gustav was much less severe than expected. Other airlines: Northwest Airlines (NYSE: NWA), UAL Corp (NYSE: UAUA), AMR (NYSE: AMR), AirTran Holdings (NYSE: AAI), Continental Airlines (NYSE: CAL), Southwest Airlines (NYSE: LUV), Alaska Air (NYSE: ALK), US Airways Group, Inc. (NYSE: LCC).

Lehman Brothers (NYSE: LEH) 7% HIGHER; Korea Development Bank confirmed it is in talks to invest in Lehman Brothers, following weeks of speculation.

Eagle Test Systems, Inc. (NASDAQ: EGLT) 6% HIGHER; Teradyne, Inc. (NYSE: TER) signed a definitive agreement to acquire Eagle Test Systems, Inc. for $15.65 per share in cash. Shares of Eagle Test Systems closed at $14.18/share on Friday.

Palm (Nasdaq: PALM) 5% HIGHER; Cowen & Co. initiates coverage on Palm with an Outperform rating.

Priceline.com (Nasdaq: PCLN) 3.5% HIGHER; Credit Suisse Upgrades Priceline.com from Neutral to Outperform.

Chesapeake Energy Corp. (NYSE: CHK) 3% LOWER; Big drop in Natural Gas after Hurricane Gustav was much less severe than expected.

AMAG Pharmaceuticals (Nasdaq: AMAG) 3% HIGHER; Needham & Co. initiates coverage on AMAG Pharmaceuticals with a Buy. Price target $80.

Apple (Nasdaq: AAPL) 1.5% HIGHER; Piper Jaffray Adds Apple to Alpha List; Reiterates Buy

International Shipholding Corporation (NYSE: ISH) INDICATED HIGHER; Liberty Shipping Group LLC sent a letter to the International Shipholding Corporation Board of Directors proposing to acquire all of the outstanding shares of International Shipholding common stock for $25.75 per share in cash.


Related Categories

Special Reports

Stocks Mentioned

AAI 2.67

-0.39 -12.75%
Volume: 4,059,689
Track AAI

AAPL 82.58

+2.09 +2.60%
Volume: 56,054,896
Track AAPL

ALK 18.89

-3.12 -14.18%
Volume: 1,662,451
Track ALK

AMAG 28.87

+1.45 +5.29%
Volume: 1,506,320
Track AMAG

AMR 6.78

-0.16 -2.31%
Volume: 14,966,499
Track AMR

CAL 11.30

+0.71 +6.70%
Volume: 9,473,553
Track CAL

CHK 16.97

+2.99 +21.39%
Volume: 33,275,612
Track CHK

DAL 6.82

-0.20 -2.85%
Volume: 14,950,599
Track DAL

EGLT 15.55

+0.00 +0.00%
Volume: 334,161
Track EGLT

ISH 19.11

+1.16 +6.46%
Volume: 53,377
Track ISH

LCC 4.48

+0.07 +1.59%
Volume: 9,753,864
Track LCC

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

LUV 7.96

+0.20 +2.58%
Volume: 24,038,384
Track LUV

NWA 9.90

+0.00 +0.00%
Volume: 15,676,884
Track NWA

PALM 2.24

+0.45 +25.14%
Volume: 1,768,522
Track PALM

PCLN 57.86

+4.91 +9.27%
Volume: 1,286,720
Track PCLN

SCRX 31.01

+0.00 +0.00%
Volume: 1,079,026
Track SCRX

TER 3.14

+0.17 +5.72%
Volume: 4,424,539
Track TER

UAUA 7.67

+0.14 +1.86%
Volume: 10,816,836
Track UAUA


Related Entities


Add Your Comment