This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ITT, AIG: Premarket Trading

Stocks in this article: AIG VRNT ACI CLF LULU ITT PSTI TIF


NEW YORK ( TheStreet) -- ITT (ITT) plans to split into three publicly traded companies.

Shares of ITT were surging by 16.7% to $61.60 in premarket trading Wednesday.






American International Group (AIG) agreed to sell its 97.6% interest in Nan Shan Life Insurance, Taiwan's third-biggest insurer, for $2.16 billion in cash.

Shares of AIG rose 0.5% to $59.35 in premarket trading.


Pluristem Therapeutics (PSTI) was surging by 14.2% to $2.73 in early trading after National Securities initiated coverage on the stock with a buy rating, according to reports.






Tiffany (TIF) was up 4.7% to $63.40 in premarket trading after it raised its earnings outlook for the fiscal year ending Jan. 31, based on strong holiday sales.






Comverse Technology is likely to pursue a sale of its subsidiary Verint Systems (VRNT), the Wall Street Journal reports.

No premarket trades were reported for Verint. The stock ended Tuesday's trading session at $35.63, up 1.2%.






Arch Coal (ACI) lowered its full-year outlook late Tuesday, saying it now sees adjusted earnings of $1.11 to $1.15 a share, below the $1.25 to $1.40 view it provided in late October.

Shares of Arch Coal fell 3.6% to $34.25 in premarket trading Wednesday.






Cliffs Natural Resources (CLF) agreed to acquire Canada's Consolidated Thompson Iron Mines for $4.95 billion.

The stock fell 0.5% to $84.54.






Lululemon Athletica (LULU) provided a strong outlook, saying it now sees earnings of 55 cents to 57 cents a share for its fiscal fourth quarter ending Jan. 31 on revenue of $237 million to $239 million. Its prior projection was for a profit of 46 cents to 48 cents a share on revenue ranging from $210 million to $215 million.

Shares of the company were popping by 8.1% to $72.65 in early trading Wednesday.






>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:







Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs