Pre-Open Movers 5/16: (OSUR) (SINA) (GM) Higher; (JCP) (ANF) (SPLS) Lower (more...)

Below are stocks making major moves in pre-open action Wednesday:

HIGHER:

• OraSure (NASDAQ: OSUR) 33% HIGHER; OraQuick Receives Unanimous Recommendation from FDA Panel
  
• China New Borun Corp. (NYSE: BORN) 12% HIGHER; tops Q1 results
  
• Sina Corp (NASDAQ: SINA) 12% HIGHER; tops Q1 views
  
• Vermillion, Inc. (NASDAQ: VRML) 5% HIGHER; Tops Q1 EPS
  
• GM (NYSE: GM) 3% HIGHER; Warren Buffett's Berkshire Hathaway takes a stake in GM.
  
• Fossil, Inc. (NASDAQ: FOSL) 3% HIGHER; upgraded
  
• Weatherford International Ltd. (NYSE: WFT) 2% HIGHER; upgraded
  
• Tumi Holdings (NYSE: TUMI) 2% HIGHER; Q1 results
  
• Target Corp. (NYSE: TGT) 2% HIGHER; strong Q1 results
  
• Cisco Systems, Inc. (NASDAQ: CSCO) 1% HIGHER; upgraded
  
• Pepsico, Inc. (NYSE: PEP) 1% HIGHER; upgraded

LOWER:

• Cleantech Solutions Int. (NASDAQ: CLNT) 27% LOWER; Q1 results
  
• J.C. Penney Co., Inc. (NYSE: JCP) 15% LOWER; weak Q1 results, sales. Stops dividend
  
• Abercrombie & Fitch Co. (NYSE: ANF) 7% LOWER; Reports Mixed Q1 Results; Comments on FY12 Outlook
  
• Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) 6% LOWER; stock offering
  
• Newcastle Investment Corp. (NYSE: NCT) 5% LOWER; stock offering
  
• Ralcorp (NYSE: RAH) 4% LOWER; Announces Second Delay to Filing Q2 Statements
  
• Staples, Inc. (NASDAQ: SPLS) 4% LOWER; reports in-line Q1, sales light
  
• Petroleum Development Corporation (NASDAQ: PETD) 2% LOWER; stock offering
  
• KLA-Tencor Corporation (NASDAQ: KLAC) 2% LOWER; downgrade
  
• Patriot Coal Corporation (NYSE: PCX) 2% LOWER; downgraded

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