Pre-Open Stock Movers 11/29: (ZOOM) (FRO) (UPIP) Higher; (UEPS) (THOR) (IPCI) Lower (more...)

November 29, 2013 9:21 AM EST Send to a Friend
Zoom Technologies (NASDAQ: ZOOM) 187% HIGHER; entered into a Letter of Intent with Beijing Baifen Tonglian Information & Technology Co., Ltd. to acquire, directly or indirectly, all the outstanding shares of Baifen.

Net 1 Ueps Technologies Inc. (NASDAQ: UEPS) 36.7% LOWER; the South African Constitutional Court ruled that the tender process followed by the South African Social Security Agency in awarding a contract to Net1's wholly owned subsidiary Cash Paymaster Services Limited was constitutionally invalid. However, the Constitutional Court suspended its declaration of invalidity pending determination of a just and equitable remedy.

Frontline Ltd. (NYSE: FRO) 16.8% HIGHER; continues higher following recent earnings.

Unwired Planet, Inc. (NASDAQ: UPIP) 14.4% HIGHER; SeekingAlpha pump

Document Security Systems, Inc. (NYSE: DSS) 14.4% HIGHER; subsidiary DSS Technology Management, Inc. filed a patent infringement lawsuit against Apple, Inc. in the United States District Court for the Eastern District of Texas, Tyler Division. At issue are patents that relate to the use of wireless peripheral devices.

Thoratec Corp. (NASDAQ: THOR) 7.8% LOWER; NEJM published a 3- center study highlighting a meaningful increase in thrombus formation in HeartMate II implants performed after March 2011

Intellipharmaceutics International Inc. (Nasdaq: IPCI) 10.7% LOWER; announced an "at-the-market" offering program under which it may from time to time sell up to 5,305,484 of its common shares for up to an aggregate of US$16.8 million through at-the-market issuances on the NASDAQ Capital Market.

Organovo Holdings, Inc. (NYSE: ONVO) 5.8% LOWER; entered into an Equity Distribution Agreement with JMP Securities LLC. Pursuant to the Distribution Agreement, the Company may offer and sell up to 4,000,000 shares of its common stock from time to time through the Sales Agent.

Camtek Ltd. (NASDAQ: CAMT) 5.8% LOWER; profit taking in recent momentum tock

Fortinet (Nasdaq: FTNT) 4.3% LOWER; announced that Nancy Bush has been appointed as the Company's Interim Chief Financial Officer. Ms. Bush is replacing Ahmed Rubaie, who will be departing as the Company's Chief Financial Officer and Chief Operating Officer for personal reasons.

American Apparel, Inc. (NYSE: APP) 3.4% HIGHER; stock reacted to comments from CEO Dov Charney. Speaking on CNBC, Charney said distribution led to the quarters problems. Chargey went on to say the company was working toward profitability and had a strong team in place.

J. C. Penney Company, Inc. (NYSE: JCP) 2.7% HIGHER; continues higher on hopes for a better holiday season

Tesla Motors, Inc. (NASDAQ: TSLA) 2% HIGHER; adds to Wednesday's gains on positive analyst commentary

Apple Inc. (NASDAQ: AAPL) 2% HIGHER; strong early iPad holiday sales.


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