MarketWatch.com - Pre-Market Indications

Monday, June 30, 2008

Opening View: Shares of Myriad Genetics Plunge on Discontinuation of Alzheimer Drug

Ratings agency Moody's Investors Service is considering cutting its long-term credit rating on Morgan Stanley (MS: View sentiment for MSsentiment, chart, options) , The Wall Street Journal reported late Friday. Moody's allegedly called the investment bank's financial performance and risk management "inconsistent" of late. The ratings firm said its evaluation of MS's "Aa3" credit rating will focus on the company's ability to control risk and boost profits in a challenging operating environment.

Elsewhere, shares of Myriad Genetics (MYGN: View sentiment for MYGNsentiment, chart, options) fell 13% in premarket trading after the pharmaceutical firm announced plans to discontinue the development of Alzheimer treatment Flurizan. The company announced that after spending $60 million in the fiscal year to develop the drug, it will spend another $8 million to cease the program after a late-stage trial of the medicine failed.

On the earnings front, H&R Block (HRB: View sentiment for HRBsentiment, chart, options) revealed that it swung to a fourth-quarter profit amid fewer losses from continuing operations and a record-setting tax season. The tax preparer earned $543.6 million, or $1.66 per share, in the quarter, compared with a loss of $85.6 million, or 26 cents per share, a year prior. Excluding items, the company earned $691.1 million, or $2.11 per share. Revenue for the quarter rose 11% to $2.6 billion from $2.3 billion a year ago. Analysts, on average, expected adjusted earnings of $2.03 per share on $2.5 billion in revenue. For fiscal 2009, HRB forecast earnings between $1.60 and $1.70 per share, higher than the average prediction on the Street for $1.58 per share.



Opening View: Shares of Myriad Genetics Plunge on Discontinuation of Alzheimer Drug



NYSE Arca Morning Update

Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock
Friday's Close Current Price Pct Chng Current NYSE Arca Vol
NNDS

$49.40

$58.95

19%

8,024

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$145,582,699
QQQQ
$62,365,682
IWM
$43,813,810
MYGN
$25,504,667
USO
$6,374,962
AAPL
$4,884,424
GOOG
$3,865,980
BHP
$3,356,034
TS
$2,624,895
GLD
$2,610,697
Stock
Share Volume
QQQQ
1,372,006
SPY
1,140,293
IWM
627,750
MYGN
574,473
GE
70,400
USO
55,400
NOK
53,985
C
49,421
CNR
48,000
DROOY
43,200


NNDS:
News Corp. and Permira announce proposed acquisition of NDS Group plc Series A ordinary shares for $60/share News Corp. (NWS 15.73) and two newly incorporated cos formed by funds advised by Permira Advisers LLP announce that they have proposed a transaction to an independent committee of the board of directors of News Corp's majority-owned public subsidiary, NDS Group plc, which would result in NDS ceasing to be a public co, and Permira Newcos and News Corp. owning 51% and 49% of vote and value in NDS, respectively. The proposed consideration of $60 per share to be paid to all holders of NDS Series A shares, and to News Corp. for the sale of its NDS Series B shares, represents a premium of 20.7% over the ADS closing price of $49.70 per share on June 27, 2008.

NYSE Arca Morning Update



Pre-Market Most Active Stocks - NASDAQ Premarket

NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

NDS Group plc.
$49.70 $59.25 19.22% 15,527

Biosante Pharmaceuticals, Inc.
$4.12 $4.50 9.22% 7,000

Pyramid Breweries, Inc.
$2.50 $2.70 8.00% 5,800

Brightpoint, Inc.
$7.11 $7.60 6.89% 9,400

Canadian Solar Inc.
$40.38 $42.50 5.25% 25,760

James River Coal Company
$54.83 $57.50 4.87% 7,910

Sangamo BioSciences, Inc.
$9.69 $10.15 4.75% 12,844

Radyne Corporation
$10.95 $11.45 4.57% 73,658

GMX Resources, Inc.
$70.41 $73.03 3.72% 6,626

Powerwave Technologies, Inc.
$4.05 $4.20 3.70% 5,200

As of 6/30/2008 9:20:00 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

LJ International, Inc.
$3.27 $2.54 22.32% 28,629

Myriad Genetics, Inc.
$47.93 $44.85 6.43% 2,532,414

Level 3 Communications, Inc.
$3.12 $2.96 5.13% 103,200

UAL Corporation
$5.56 $5.30 4.68% 41,224

Sirius Satellite Radio Inc.
$2.10 $2.01 4.29% 219,201

EMCORE Corporation
$7.23 $7 3.18% 15,032

priceline.com Incorporated
$125.13 $123 1.70% 105,068

NVIDIA Corporation
$19.28 $19.05 1.19% 5,032

TriZetto Group, Inc. (The)
$21.61 $21.45 0.74% 24,500

Acergy S.A.
$22.54 $22.43 0.49% 13,600

As of 6/30/2008 9:20:51 AM



Pre-Market Most Active Stocks - NASDAQ Premarket


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