Stock futures were pointing to a lower opening ahead of the release of retail sales numbers.
Here are some of the early-market movers for Wednesday.
LDK Solar Co. (LDK)
In a move to strengthen is financial position on lower solar power demand, LDK Solar agreed to sell a 15% stake in a polysilicon plant to Jiangxi International Trust & Investment Co. for $219 million. Shares gained 14.1% in pre-market trading.
Vivus Inc. (VVUS)
Shares were up 14.8% in pre-market trading after the company announced trials of its erectile-dysfunction treatment showed positive safety and effective results in a late stage trial, positioning the company to file a new-drug application by early 2011.
Poniard Pharmaceuticals Inc. (PARD)
The company announced positive efficacy data from trial on its Pcoplatin treatment of metastatic colorectal cancer late Tuesday. Shares were up 10.9% in premarket trading Wednesday.
China Sunenergy (CSUN)
The solar power company released third-quarter results beating analyst estimates.The company reported earnings of 19 cents per share on revenue of $80.1 million.Analysts had been expecting earnings of two cents per share on revenue of $70.55 million.Shares were up 9.9% in pre-market trading.
Autodesk Inc. (ADSK)
The software company posted third-quarter results above expectations after the bell Tuesday reporting non-GAAP earnings of 27 cents per share. Shares were down 8.1% in pre-market trading Wednesday however the company lowered fourth quarter profit expectations below current estimates.
Exelixis, Inc. (EXEL)
Shares of the pharmaceutical company were down 5.7% in pre-market trading after a downgrade to “neutral” from “buy” from analysts at Merriman Curhan Ford.
Early-Market Movers: IMS Health, Whole Foods MarketDollar General shares up in the first day of trading
