NEW YORK (TheStreet) -- Energy stocks were trading in the red before the market open Monday.
was falling 1.5% to $40.31 after it announced
plans to sell a stake in an Argentina asset
in order to help pay for the costs of the Gulf of Mexico oil spill.
Royal Dutch Shell
was lower by 1.1% to $61.53. According to
The Wall Street Journal
, a U.S. subsidiary of the company is putting its South Texas gas fields up
was soaring by 11.8% to $3.97 as the drug company reported positive results from a phase III clinical trial of its drug AMR101 for patients with high fatty acid levels.
rose 0.6% to $178.23 in premarket trading as retailers kicked off "Cyber Monday," offering online shoppers free shipping and deep discounts.
The day occurs the Monday after Thanksgiving and "Black Friday," the traditional first day of the holiday shopping season.
, Web tracking firm comScore says shoppers could spend about $900 million on Monday.
With its Kindle reading device as one of the main attractions, Amazon is expected to benefit greatly from Cyber Monday.
rose 0.5% to $31.01 in premarket trading.
Shares of retailer
were flat at $56.90.
shares were rising by 0.4% to $53.94.
for about $20.78, or $2 billion.
Royal Bank of Scotland
was lower by 0.2% to $12.05 in premarket trading, while
was down 0.5% to $16.23 as the market weighed how big a role the European Union's rescue plan would play in helping Ireland's ailing financial sector.
-- Written by Andrea Tse in New York.
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