movers and shakers

Shares of M*Modal (NASDAQ: MODL) surged more than 8% in pre-market trading after the company agreed to be acquired by One Equity Partners, the private investment arm of JP Morgan Chase & Co (NYSE: JPM), for around $1.1 billion in cash. The offer price of $14 per share represents an 8.3%...

Shares of Acuity Brands (NYSE: AYI) jumped more than 10% after the company reported an upbeat Q3 adjusted profit. Acuity Brands posted an adjusted profit of $0.82 per share for the latest quarter, versus analysts' estimates of $0.78 per share. Acuity Brands shares jumped 10.10% to $56.05 at 10:08...

Shares of Ryder System (NYSE: R) dipped more than 8% in pre-market trading after the company cut its fiscal second-quarter and full-year earnings estimates. The company lowered its Q2 earnings to $0.90 to $0.95 per share, versus $1.07 to $1.12 per share. Ryder now projects FY12 earnings of $3.65...

Shares of Bed Bath & Beyond (NASDAQ: BBBY) dipped more than 10% in pre-market trading after the company issued a weak Q2 profit outlook. It projects Q2 earnings of $0.97 to $1.03 per share, versus analysts' estimates of $1.08 per share. Bed Bath & Beyond shares dropped 10.60% to $65.86 in...

Shares of Sun Healthcare Group (NASDAQ: SUNH) jumped more than 35% in pre-market trading after Genesis HealthCare agreed to acquire Sun Healthcare Group for $217 million. Genesis will pay $8.50 per share to buy Sun Healthcare. Sun Healthcare shares jumped 35.83% to $8.34 in the pre-market session

Shares of Network Equipment Technologies (NASDAQ: NWK) surged more than 12% in pre-market trading after Sonus Networks (NASDAQ: SONS) announced its plans to buy Network Equipment Technologies for $41.3 million. Sonus will pay $1.35 for each NET share, which represents a 14.4% premium to NET's...

Shares of Body Central (NASDAQ: BODY) shares tumbled more than 25% in pre-market trading after the company issued downbeat earnings forecast. Body Central projects Q2 earnings of $0.19 to $0.21 per share, versus analysts' estimates of $0.27 per share. For the year, it projects earnings of $1.07 to...

Shares of EnergySolutions Inc (NYSE: ES) dropped more than 13% in pre-market trading after the company cut its forecast for 2012 adjusted earnings before interest, taxes, depreciation and amortization (EBITA). The company also appointed board member David Lockwood as CEO and President of the...

Shares of Forest Laboratories Inc (NYSE: FRX) dropped more than 7% in pre-market trading after the company cut its 2013 profit forecast. Forest Laboratories cut its 2013 profit forecast to $0.65 to $0.80 per share, versus analysts' estimates of $1 per share. FRX shares declined 7.96% to $32.85 in...

Shares of Centene Corp (NYSE: CNC) dipped more than 26% in pre-market trading after the company lowered its full-year earnings forecast. It also projects to post a second-quarter loss. It now projects 2012 earnings of $1.45 to $1.65 per share, versus its earlier forecast of $2.64 to $2.84 per...

Shares of Perfect World Co Ltd (NASDAQ: PWRD) jumped about 27% in pre-market trading after the company reported a 32% surge in its fourth-quarter revenue. Perfect World's net income attributable to shareholders climbed to 260 million yuan ($41.3 million), or 5.45 yuan (87 cents) per ADS, from 125...

Shares of Valmont Industries Inc (NYSE: VMI) gained in pre-market trading after the company reported upbeat second quarter results and lifted its full-year earnings forecast. VMI reported its quarterly net income at $45.8 million, or $1.72 per share, up from $17.1 million, or $0.65 per share, in...

Shares of Peregrine Metals Ltd (OTC: PTTDF) jumped about 235% after Stillwater Mining Co (NYSE: SWC) announced its plans to buy all shares outstanding of Peregrine Metals for about $487.1 million. The deal values Peregrine shares at $3.28 per share. Shares of Peregrine closed at $0.81 on Friday....

Shares of NetSpend Holdings (NASDAQ: NTSP) fell about 5.3% after Goldman Sachs downgraded NetSpend Holdings from “buy” to “neutral.” NTSP shares dropped 5.32% to $8.99 at 9:45 am.

Shares of Gulfport Energy Corporation (NASDAQ: GPOR) dropped about 4% in pre-market trading after the company commenced an underwritten public offering of 3,000,000 shares of its common stock. GPOR shares moved down 3.98% to $30.38 in the pre-market session