StreetInsider.com Pre-Open Movers 01/14: (VRNT) (FRAN) (RIG) Higher; (NTE) (AAPL) (CRUS) Lower (more...)

January 14, 2013 9:32 AM EST Send to a Friend
Aurizon Mines Ltd. (AMEX: AZK) 25% HIGHER; Alamos Gold Inc. announcedthat it has commenced an offer to acquire Aurizon Mines Ltd. (AMEX: AZK) for approximately C$780 million in cash and shares (the "Offer"). The Offer will remain open until 5:00 p.m. (Toronto time) on February 19, 2013 unless withdrawn or extended.

Neuralstem, Inc. (AMEX: CUR) 15% HIGHER; received approval from the United States Food and Drug Administration (FDA) to commence a Phase I safety trial of its lead cell therapy candidate, NSI-566, in chronic spinal cord injury patients.

Nam Tai Electronics (NYSE: NTE) 8% LOWER; sets Q4 EPS date

Verint Systems Inc. (NASDAQ: VRNT) 6% HIGHER; Reports Nice Systems (Nasdaq: NICE) is in talks to acquire the company

Fusion-io (NYSE: FIO) 6% HIGHER; JPMorgan upgraded from Neutral to Overweight with a price target of $30.00 (from $28.50).

Francesca's Holdings Corporation (NASDAQ: FRAN) 6% HIGHER; raised its fourth quarter guidance. Now expects sales to be between $84.5 million and $85.0 million and EPS of $0.29 to $0.30, versus the consensus is $84.32 million and the EPS consensus is $0.28.

Cirrus Logic Inc. (Nasdaq: CRUS) 5% LOWER; Apple suppliers lower on reports of order cuts

Transocean Ltd. (NYSE: RIG) 4% HIGHER; Carl Icahn takes a stake

Halozyme Therapeutics (NASDAQ: HALO) 4% HIGHER; BMO Capital upgraded from Market Perform to Outperform with a price target of $12.00 (from $4.00).

Skyworks Solutions Inc. (NASDAQ: SWKS) 4% LOWER; Apple suppliers lower on reports of order cuts

Apple Inc. (NASDAQ: AAPL) font color="red">4% LOWER; reports of significant iPhone 5 component order cuts

Avago Technologies Limited (NASDAQ: AVGO) 2% LOWER; Apple suppliers lower on reports of order cuts

Sprint Nextel Corp. (NYSE: S) 2% LOWER; downgraded at JPMorgan

JDS Uniphase Corporation (NASDAQ: JDSU) 2% LOWER; downgraded at Goldman Sachs

TriQuint Semiconductor, Inc. (NASDAQ: TQNT) 2% LOWER; Apple suppliers lower on reports of order cuts

Hewlett-Packard (NYSE: HPQ) 2% HIGHER; JPMorgan upgraded from Underweight to Neutral with a price target of $21.00 (from $15.00)

Facebook, Inc. (NASDAQ: FB) 2% HIGHER; Deutsche Bank upgraded Facebook from Hold to Buy with a price target of $40.00 (from $24.00).

Encana Corporation (NYSE: ECA) 2% HIGHER; CEO to retire

IBM (NYSE: IBM) 2% LOWER; downgraded at JPMorgan

Cisco Systems, Inc. (NASDAQ: CSCO) 1% HIGHER; upgraded at Baird, and William Blair


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