03.08.2015 14:59:08

Pre-market Movers For August 3 (FCAU, PRE, LXRX, TSN, ABGB)

(RTTNews) - Gainers:

Fiat Chrysler Automobiles N.V. (FCAU) is up 1 percent to $15.98. The company reported July U.S. sales of 178,027 units, a 6 percent increase over year-ago period and its best July sales since 2005.

PartnerRe Ltd. (PRE) is up 2 percent to $138.75. The company signed a definitive agreement to be acquired by Italian investment firm EXOR S.p.A., which is controlled by the Agnelli family. PartnerRe decides to terminate its amalgamation agreement with AXIS Capital.

Lexicon Pharmaceuticals, Inc. (LXRX) is surging 27 percent to $10.73 based on the news that the pivotal phase III clinical trial of its oral drug candidate Telotristat etiprate in cancer patients with Carcinoid syndrome has met the primary endpoint.

Decliners:

Tyson Foods, Inc. (TSN) is down 9 percent to $40.13 as the company's third quarter adjusted operating profit per share as well as revenue missed analysts' expectations. The company also lowered its fiscal 2015 adjusted earnings per share outlook.

Abengoa SA (ABGB) is falling 21 percent to $8.68. The company announced that its board has unanimously voted to submit to an Extraordinary Shareholders Meeting the approval of a capital increase with pre-emptive rights of 650 million euros. Additionally, Abengoa launched a new plan of divestitures for a total of 500 million euros. The company noted that the proceeds will be used to reduce corporate debt and reinforce its balance sheet.

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Tyson Foods Inc. 55,80 -1,27% Tyson Foods Inc.