10 Stocks Moving In Friday's Pre-Market Session

Gainers

Ocean Rig UDW Inc. ORIG rose 40.88 percent to $2.55 in pre-market trading after the company reported stronger-than-expected quarterly results.

InterOil Corporation (USA) IOC rose 26.25 percent to $40.02 in pre-market trading after Oil Search Ltd. agreed to acquire InterOil in a deal valued at around $2.2 billion.

Paragon Shipping Inc. PRGN shares rose 12.11 percent to $2.13 in pre-market trading after surging 69.64 percent on Thursday.

Applied Materials, Inc. AMAT shares rose 7.99 percent to $21.50 in the pre-market trading session after the company reported better-than-expected results for its second quarter and issued a strong forecast for the current quarter.

Sarepta Therapeutics Inc SRPT shares rose 7.39 percent to $18.90 in pre-market trading after gaining 2.86 percent on Thursday.

AIXTRON SE (ADR) AIXG shares rose 5.80 percent to $5.29 in the pre-market trading session after gaining 6.16 percent on Thursday.

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Losers

Abraxas Petroleum Corp. AXAS shares fell 19.55 percent to $1.07. Abraxas Petroleum expected FY16 total production of 6,000 to 6,400 boepd and reported an offering of 25 million shares.

Ross Stores, Inc. ROST shares 6.34 percent to $52.00 in pre-market trading. Ross Stores reported in-line earnings for the first quarter, but missed analysts’ sales estimates.

Yahoo! Inc. YHOO shares fell 5.05 percent to $35.15 in pre-market trading following a concerning report from The Wall Street Journal that the company's asset sale process may not be proceeding according to plans.

Foot Locker, Inc. FL fell 3.04 percent to $56.77 in pre-market trading. Foot Locker reported in-line quarterly earnings, but the company’s revenue came in slightly short of analysts' expectations.