Stock futures were indicating a positive opening to today’s shortened Christmas Eve trading day after the release of slightly better-than-expected weekly initial jobless claims data.
Here are some of the early market movers for Thursday.
Questcor Pharmaceuticals (QCOR)
Shares jumped 29.6% in pre-market trading after the company announced that the FDA has accepted the company's application seeking to sell its H.P. Acthar Gel as a treatment for infantile spasm.
Tenet Healthcare Corp. (THC)
Analysts at Leerink Swann upgraded shares of the hospital operator to “outperform” from “market perform” Wednesday.Shares continued to move early Thursday, gaining 4% in pre-market trading.
Trimeris, Inc. (TRMS)
Shares of the biopharmaceutical company were down 8.3% in pre-market trading after the company announced that Arigene Co. has requested an extension of the expiration date for a tender offer for outstanding Trimeris shares to January 15.
Arena Pharmaceuticals Inc. (ARNA)
The pharmaceutical company said that Merck & Co. has decided to discontinue the collaborative development of an atherosclerosis treatment, sending shares down 7.4% in pre-market trading.
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