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Market Overview

Benzinga’s Top Pre- Market Gainers (TSTC, CTCM, SEED, GSIT, MITI, NVAX, NVMI, SPLS)

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Telestone Technologies Corporation (NASDAQ: TSTC) gained 3.10% to $13.35 in the pre-market trading. In the previous trading session, TSTC closed at $12.94. The 52-week trading range for TSTC is $0.75 - $13.88. So far in 2009, TSTC climbed up by over 810%.

CTC Media, Inc. (NASDAQ: CTCM) climbed 17.70% to $16.43. The 52-week trading range for CTCM is $2.37 - $20.07. In the last trading session, CTCM ended at $13.95. So far in 2009, CTCM gained around 190%.

Origin Agritech Ltd. (NASDAQ: SEED) jumped 4% to $14.06 in the pre-market session. Yesterday, SEED also made a new high at $13.53 and closed at $13.52. In the last six months, SEED gained over 210%.

GSI Technology, Inc. (NASDAQ: GSIT) moved up 11.30% to $5.20 in the pre-morning session. Yesterday, GSIT announced the availability of two new SRAM products. GSIT also made a new 52 week high yesterday at $5.14. In the last six months, GSIT gained over 35%.

Micromet Inc. (NASDAQ: MITI) surged 5.42% to $7.20 after Micromet Inc. announced that Bayer Schering Pharma AG has exercised its option to develop a new BiTE antibody for the treatment of solid tumors with Micromet. Yesterday, MITI closed at $6.83. The 52-week trading range for MITI is $2.25 - $8.48.

Novavax, Inc. (NASDAQ: NVAX) climbed 3.33% to $3.10 in the pre-market session. Yesterday, NVAX closed at $3. The 52-week trading range for NVAX is $0.52 - $7.79. So far in 2009, NVAX gained over 55%.

Nova Measuring Instruments Ltd. (NASDAQ: NVMI) increased 5.61% to $4.14. NVMI made a new 52 week high yesterday at $3.97. Yesterday, NVMI closed at $3.92. In the last six months, NVMI increased by over 375%.

Staples, Inc. (NASDAQ: SPLS)moved up 2.49% to $23.90 after Staples reported that it expects fourth quarter diluted EPS to be in between $0.34 to $0.36 and reported revenue of $6.174 billion for 4Q2009. Analysts are expecting SPLS to report revenue of $6.151 billion and EPS of $0.37 a share for 4Q2009.

 

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Posted-In: Pre-Market Outlook Trading Ideas