A Peek Into The Market Before The Trading Starts - Alimera Sciences (NASDAQ:ALIM), CorVel (NASDAQ:CRVL)

Pre-open movers

US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average tumbled 0.13% to 15,166.00 and S&P 500 index futures fell 0.19% to 1,627.75. Nasdaq 100 futures dropped 0.08% to 2,954.50.

A Peek Into Global Markets

European markets were mostly higher today. The STOXX Europe 600 Index climbed 0.01%, London's FTSE 100 index dropped 0.16%, French CAC 40 Index climbed 0.19% and German DAX 30 index rose 0.31%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.94%, China's Shanghai Composite gaining 0.64% and Australia's ASX/S&P500 surging 1.93%. Hong Kong's Hang Seng Index rose 0.39% and India's Sensex jumped 1.86%.

Broker Recommendation

Deutsche Bank upgraded Groupon

GRPN

from “hold” to “buy.” The target price for Groupon has been raised from $6 to $10. Groupon shares closed at $6.86 yesterday.

Breaking news

MAXIMUS MMS announced that it has signed a new contract with the Maryland Health Benefit Exchange (MHBE) to operate the Consolidated Service Center, which includes call center, fulfillment and command center services. To read the full news, click here.
Alimera Sciences ALIM today announced that the Appraisal Committee of the United Kingdom's National Institute for Health and Care Excellence (NICE) has issued a positive Appraisal Consultation Document (ACD) on ILUVIEN® for the treatment of pseudophakic patients with chronic diabetic macular edema (DME) considered insufficiently responsive to available therapies. To read the full news, click here.
CDW Corporation announced today that it has commenced an initial public offering of 27,900,000 shares of common stock pursuant to a Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). To read the full news, click here.
CorVel CRVL announced that pursuant to Board of Directors approval, the Company entered into a pre-arranged stock trading plan on June 11, 2013 to spend up to $14 million to repurchase shares of its common stock commencing June 26, 2013 through August 21, 2013. To read the full news, click here.

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