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Market Overview

Benzinga’s Top Pre-Market Gainers (ZION, AMLN, EMC, TLAB, TRV, CTXS)

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Zions Bancorporation (NASDAQ: ZION) increased 5.75% to $18.95 in the pre-market session. Zions Bancorporation announced yesterday that it has reevaluated its accounting for the June 2009 subordinated debt modification in connection with responding to regular inquiries received from the Securities and Exchange Commission in January 2010. The 52-week trading range for ZION is $5.90 - $20.97. In the last six months, Zions Bancorporation has gained over 60%.

Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) climbed 15.36% to $20.13 in the pre-market session. In the previous trading session, AMLN closed at $17.45. Amylin Pharmaceuticals has surged over 60% in the last year. The 52 week trading range for AMLN is $7.89 - $18.14.

EMC Corporation (NYSE: EMC) jumped 4.19% to $17.65 in the pre-market session. EMC Corporation announced today that for fiscal 2010, it expects revenue to be $16.0 billion, GAAP operating income to be 13% of revenues and non-GAAP operating income to be 20% of revenues. The 52-week trading range for EMC is $9.61 - $18.44. EMC closed at $16.94 in the last trading session.

Tellabs, Inc. (NASDAQ: TLAB) moved up 4.24% to $6.15 in the pre-market session. Tellabs reported today a fourth-quarter earnings of $62.1 million, or $0.16 per share, as compared to $12.8 million, or $0.03 per share, in the year-ago period. Revenue declined to $389.3 million as compared to $408.3 million. The 52 week trading range for TLAB is $3.52 - $7.70. TLAB closed at $5.90 in the previous trading session.

The Travelers Companies, Inc. (NYSE: TRV) surged % to $ after TRV reported today a fourth quarter net income of $1.285 billion, or $2.36 per diluted share, from $801 million, or $1.35 per diluted share, for the same quarter last year. The 52 week trading range for TRV is $33.07 - $54.47. In the last six months, TRV has surged 13%.

Citrix Systems, Inc. (NASDAQ: CTXS) climbed 3.77% to $42.70 in the pre-market session. The 52 week trading range for CTXS is $20.00 - $44.01. Citrix Systems closed at $41.15 in the last trading session. In the last year, CTXS has gained over 78%.

 

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Posted-In: Pre-Market Outlook Movers