Pre-Open Movers 8/11: AgFeed (FEED) Higher on Results/Guidance; Brinker (EAT) Lower on Downgrade

August 11, 2008 9:27 AM EDT

StreetInsider.com Pre-Open Movers:

VeriChip Corporation (NASDAQ: CHIP) 36% HIGHER; Declares $1.35/Share Special Dividend

AgFeed Industries (Nasdaq: FEED) 19% HIGHER; reports Q2 EPS of $0.27, above the consensus of $0.17. Revenues came in at $35.64 milion, versus the consensus of $28.46 million. Sees FY08 EPS of $1.08-$1.20 versus the conensus of $0.95. Sees FY08 revenues of $145-$155 million, versus the consensus of $136.92 million.

Petrohawk Energy Corp. (NYSE: HK) 7% LOWER; To Offer 25M shares.

American Water Works (NYSE: AWK) 6% HIGHER; Barron's highlights the stock this weekend.

Extreme Networks, Inc. (Nasdaq: EXTR) 5.6% HIGHER; intends to commence a "modified Dutch auction" tender offer to purchase $100 million worth of its common stock at a price per share not less than $3.30 and not greater than $3.70.

Brinker International Inc. (NYSE: EAT) 5% LOWER; Goldman downgrades to Sell

Auxilium Pharmaceuticals Inc. (Nasdaq: AUXL) 5% HIGHER; Barron's highlights the stock this weekend.

National City Corporation (NYSE: NCC) 4% LOWER; SEC probe

Calpine Corporation (NYSE: CPN) 4% HIGHER; reports Q2 EPS of $0.41, compared to a $1.04 loss reported in Q207. Revenues for the quarter were $2.83 billion, compared to $2.06 billion in the same quarter last year.

Qwest Communications (NYSE: Q) 4% HIGHER; Citi upgrades to Buy

i2 Technologies, Inc. (NASDAQ: ITWO) 4% HIGHER; JDA Software Group Inc. (NASDAQ: JDAS) announced a definitive merger agreement to acquire i2 Technologies for $14.86/shaer.

Hertz (NYSE: HTZ) 3% LOWER; J.P. Morgan downgrades to Neutral

Emulex Corp. (NYSE: ELX) 3% HIGHER; Citi upgrades to Buy

LDK Solar Co.Ltd. (NYSE: LDK) 3% HIGHER; ThinkPanmure upgrades to Buy

Bronco Drilling Company, Inc. (NASDAQ: BRNC) 2% LOWER; Allis-Chalmers Energy Inc. (NYSE: ALY) and Bronco Drilling Company announced that they have terminated their Agreement and Plan of Merger relating to the proposed acquisition of Bronco by Allis-Chalmers.


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ALY 25.18

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AUXL 29.96

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AWK 29.84

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BRNC 4.08

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CHIP 0.50

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CPN 26.26

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EAT 28.74

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Volume: 442,809
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ELX 27.45

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Volume: 446,889
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EXTR 1.94

-0.15 -7.18%
Volume: 407,201
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FEED 5.75

-0.03 -0.52%
Volume: 961,558
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HK 25.06

+3.24 +14.85%
Volume: 439,641
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HTZ 8.04

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Volume: 9,627,605
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ITWO 12.30

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JDAS 15.70

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LDK 10.91

-0.34 -3.02%
Volume: 2,670,825
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NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
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Q 25.18

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Volume: 441,721
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