Pre-Open Movers 4/01: (KWK) (TSLA) (VRNG) Higher; (AEGN) (PDM) (UAL) Lower (more...)

April 1, 2013 9:36 AM EDT
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 38% HIGHER; received a preliminary comment letter from the U.S. Food & Drug Administration (FDA) that outlines a pathway by which BioCryst could file a New Drug Application (NDA) seeking regulatory approval of intravenous (i.v.) peramivir. The letter was sent in response to questions BioCryst submitted to the FDA in advance of an upcoming Type C regulatory meeting regarding i.v. peramivir. The FDA also suggested the Company request a pre-NDA meeting to reach agreement on a complete NDA submission and to address review issues identified in its preliminary comment letter/

Quicksilver Resources, Inc. (NYSE: KWK) 33% HIGHER; executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd.

China Housing & Land Development (NASDAQ: CHLN) 30% HIGHER; reported Q4 EPS of $0.33, versus $0.08 reported last year. Revenue for the quarter came in at $61.5 million, versus $47.9 million reported last year.

Tesla Motors (Nasdaq: TSLA) 12% HIGHER; said sales of its Model S vehicle exceeded the target provided in the mid February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.

Vringo, Inc. (AMEX: VRNG) 9% HIGHER; expanded its global patent enforcement activities against ZTE by filing a patent infringement lawsuit in France against ZTE Corporation, China and its French subsidiary, ZTE France SASU.

Ruby Tuesday, Inc. (NYSE: RT) 9% HIGHER; positive Barron's article

Aegion Corporation (NASDAQ: AEGN) 4% LOWER; downgraded at Wedbush

Piedmont Office Realty Trust Inc. (NYSE: PDM) 4% LOWER; downgraded at Stifel

RF Micro Devices Inc. (NASDAQ: RFMD) 3% HIGHER; upgraded at Canaccord.

Cliffs Natural Resources Inc. (NYSE: CLF) 3% HIGHER; positive comments at JPMorgan

eBay Inc. (NASDAQ: EBAY) 3% HIGHER; upgraded at Canaccord, positive analyst commentary

United Continental Holdings, Inc. (NYSE: UAL) 2% LOWER; downgraded at Evercore

Potash Corp. (NYSE: POT) 1% HIGHER; upgraded at JPMorgan

American Railcar Industries, Inc. (NASDAQ: ARII) 2% LOWER; downgraded at Stephens

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