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Liberty Media (NASDAQ: LMCA) soared 8.53% to $136.90 in the pre-market trading after the company dropped its bid to buy SiriusXM (NASDAQ: SIRI). The company will reclassify common stock to create two groups.

Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) surged 8.26% to $96.90 in the pre-market session after the company reported better-than-expected fourth-quarter earnings. Ulta Salon posted its quarterly earnings of $1.09 per share, beating analysts' estimates of $1.07 per share.

Achillion Pharmaceuticals (NASDAQ: ACHN) shares gained 7.26% to $3.40 in the pre-market after the company reported positive results in Phase 2 trial of ACH-3102, second-generation NS5A inhibitor, against genotype 1b HCV.

JA Solar Holdings Co (NASDAQ: JASO) shares jumped 2.65% to $10.83 in pre-market trading after Axiom upgraded the stock from Undefined to Buy.

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