We have many stocks on the move this morning. Our top pre-market movers for active traders and day traders alike are Apollo Group Inc. (NASDAQ: APOL), Barclays PLC (NYSE: BCS), Royal Bank of Scotland Group plc (NYSE: RBS), Biogen Idec Inc. (NASDAQ: BIIB), Level 3 Communications, Inc. (NASDAQ: LVLT), QuickLogic Corp. (NASDAQ: QUIK), Tasty Baking Co. (NASDAQ: TSTY), and Tyco International Ltd. (NYSE: TYC).
Apollo Group Inc. (NASDAQ: APOL) is up surprisingly very little so far after Goldman Sachs put a Buy rating on the stock. Shares were up 0.9% at $42.50 in thin volume trading versus a 52-week range of $33.75 to $66.69. Maybe no one believed thee research in this sector.
Barclays PLC (NYSE: BCS) was indicated up about 3% to 4% around $20.15 to $20.20 after a government report did not call for a break-up of the large banks. Royal Bank of Scotland Group plc (NYSE: RBS) was up about 2% around $14.50 in early trading on the same news.
Biogen Idec Inc. (NASDAQ: BIIB) is up after releasing positive top-line results from the first Phase 3 trial of its oral BG-12 in multiple sclerosis. The two-time and three-time daily administration met the primary study endpoint in the proportion of patients with RRMS who relapsed at two years compared with placebo. Shares are up almost 6% at $77.50 in early trading.
Level 3 Communications, Inc. (NASDAQ: LVLT) is making a play for Global Crossing as the acquirer and its shares are actually up over 20% at $1.75 on the news with well over 10 million shares traded in pre-market. We are usually skeptical of this name and usually the acquirer sees a drop in shares. Not here, not so far.
QuickLogic Corp. (NASDAQ: QUIK) issued an earnings warning and it has shares of the software solutions provider for mobile electronics down about 12.5% at $4.26 in light-volume trading.
Tasty Baking Co. (NASDAQ: TSTY) is up some 140% around $3.90 after the acquisition by Flowers Foods in a $4.00 per share buyout after closing at $1.61.
Tyco International Ltd. (NYSE: TYC) is trading higher on reports that Schneider Electric SA in France is considering a bid for the company. Shares are up 8% at $51.00 on more than 1 million shares in the pre-market.
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JON C. OGG
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