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Market Overview

Benzinga’s Top Pre- Market Gainers (HRL, ZLC, SEED, AMLN, ZAGG, TLAB, RMBS, ALTH)

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Tellabs, Inc. (NASDAQ: TLAB) climbed 5.08% to $6 in the pre-market session. The 52 week trading range for TLAB is $3.51 - $7.70. Yesterday, TLAB closed at $5.71.

Rambus Inc. (NASDAQ: RMBS) increased 4.31% to $16.72. The 52 week trading range for RMBS is $5.44 - $19.94. So far in 2009, RMBS climbed up only 5%.

Hormel Foods Corporation (NYSE: HRL) rose 1.31% to $39.40 after it reported a fourth quarter profit of $103.9 million or $0.77 per share and sales of $1.68 billion as compared to 1.86 billion from the same quarter last year. On average, analysts expected HRL to earn $0.68 per share.

Zale Corporation (NYSE: ZLC) climbed4 % to $4.68 after it reported a first-quarter loss of $57.6 million, or $1.80 per share and revenue was $329.2 million as compared to $364.1 million from the same quarter last year. Analysts on an average expected loss of $1.96 a share on sales of $319.2 million. So far in 2009, ZLC climbed up over 35%.

Origin Agritech Ltd. (NASDAQ: SEED) jumped 11% to $11.60 in the pre-market session. Yesterday, SEED closed at $10.45. SEED also made a new high yesterday at $10.58. So far in 2009, SEED gained over 400%.

Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) moved up 10.67% to $13.80 in the pre-market trading. The 52 week trading range for AMLN is $5.92 - $15.69. Yesterday, AMLN ended at $12.47. In the last six months, Amylin gained over 16%.

Zagg Inc (NDA) (NASDAQ: ZAGG) surged 6.28% to $4.40 after Zagg announced that it has entered into a partnership agreement with T-Mobile Germany. This partnership will help Zagg to expand its presence into the European market.

Allos Therapeutics, Inc. (NASDAQ: ALTH) moved up 2.27% to $6.16. Today, Allos Therapeutics was given a Buy rating by ThinkEquity. The 52 week trading range for ALTH is $4.68 - $9.30. Yesterday, ALTH closed at $6.16.

 

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