There are many stocks on the move this morning.  The active trader and day trader alerts seen so far this morning in the pre-market are Aaron’s, Inc. (NYSE: AAN), Baidu, Inc. (NASDAQ: BIDU), Barnes & Noble, Inc. (NYSE: BKS), Ctrip.com International Ltd. (NASDAQ: CTRP), Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), and Raser Technologies, Inc. (NYSE: RZ).  We have compiled news or the reason for the moves today and added in color on each if applicable.

Aaron’s, Inc. (NYSE: AAN) is lower after announcing it will close its office furniture division and take charges from closures. It also reduced its earnings guidance.  Shares were down 4.4% at $18.40 on last look.

Baidu, Inc. (NASDAQ: BIDU) is trading lower this morning on news that Google Inc. (NASDAQ: GOOG) said it will make a small change to how its users in China access its search service.  Baidu shares are down 3.1% at $72.13 in active pre-market trading.

Barnes & Noble, Inc. (NYSE: BKS) is lower after its quarterly loss widened despite stronger-than-expected sales.  The outlook was also soft.  Shares were indicated down only 1.5% initially but the stock is now down almost 6% and flirting with the $15.50 level after a $16.41 close on Monday.

Ctrip.com International Ltd. (NASDAQ: CTRP) shares were down after an RBS downgrade this morning.  Shares were down over 8% around $39.00 on last look although trading volume was rather thin.

Micron Technology Inc. (NASDAQ: MU) is a sell-the-news case.  The memory maker posted a Q3 profit on strong sales and an accounting gain tied to its Numonyx acquisition.  That profit was $939 million, or $0.92 EPS vs. -$0.37 EPS a year ago and versus Thomson Reuters estimates of $0.43 EPS.  That number has items in it.  Revenue rose more than 100% to $2.29 billion vs. $1.11 billion a year ago and versus $2.12 billion expected.  Shares are down over 6% at $9.39 in active pre-market trading.

Rambus Inc. (NASDAQ: RMBS) was indicated higher last night than this morning’s indications after signing a deal with General Electric Co. (NYSE: GE) to accelerate LED product development via GE’s Appliances & Lighting business.  This is for the use of Rambus’ patented lighting innovations for design and process.  The weak stock market now has shares “only” up 3.1% at $18.94 on rather thin trading so far.

Raser Technologies, Inc. (NYSE: RZ) is trading up on news that it and Hyundai Heavy Industries announced an agreement for the joint development of renewable energy and electric vehicles. Raser shares are up a sharp 14% at $0.62 on close to 100K shares; the 52-week range is $0.50 to $3.99 and this trades about 900,000 shares per day.  The market cap before this morning’s rise was a mere $48 million.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.