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Market Overview

Benzinga’s Top Pre- Market Gainers (TECD, SEED, YONG, DRAM, TTIL, SBLK, ZION)

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Tech Data Corporation (NASDAQ: TECD) climbed 5% to $44.98 after it reported third-quarter net income of $43.1 million, or $0.84 a share as compared to $16.8 million or $0.33 per share from the same quarter last year. While sales were $5.6 billion, a decrease of 8% from the year ago period. Analysts expected earnings of $0.71 a share and sales of $5.38 billion.

Origin Agritech Ltd. (NASDAQ: SEED) jumped 22% to $6.40 in the pre-market session after Origin Agritech announced that the company has received the Bio-safety Certificate from the Ministry of Agriculture as a final approval for commercial approval of the world's first genetically modified phytase corn. In the trading session, SEED closed at $5.21. So far this year, SEED gained over 155%.

Yongye International, Inc. (NASDAQ: YONG) moved up 9.04% to $8.52 in the pre-market session. The 52 week trading range for YONG is $0.65 - $12.00. YONG ended at $8.52 in the last trading session. In the last six month, YONG gained over 23%.

Dataram Corporation (NASDAQ: DRAM) surged 6.90% to $5.08. In the last trading session, DRAM closed at $4.75. So far in 2009, DRAM climbed up over 260%.

TTI Team Telecom International Ltd. (NASDAQ: TTIL) climbed 1.85% to $2.16 in the pre-market session. TTIL made a 52 week high at $2.57 in the last trading session. Yesterday, TTIL announced that it will hold the 2009 Annual General Meeting of shareholders on December 31, 2009. In the last six months, TTIL gained over 160%.

Star Bulk Carriers Corp. (NASDAQ: SBLK) increased 5.49% to $3.46 in the pre-market. The 52 week trading range for SBLK is $1.19 - $5.45. So far in 2009, SBLK gained over 35%.

Zions Bancorporation (NASDAQ: ZION) moved up 3.27% to $12.96 after Zions Bancorporation was upgraded by Soleil Securites from Hold to Buy at a price target of $17.50. The 52 week trading range for ZION is $5.90 - $31.95.

 

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