Market Overview

Benzinga’s Top Pre-Market Gainers (LSCC, AMCF, HOV, NOVL, SWWC)

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Lattice Semiconductor (NASDAQ: LSCC) increased 11.36% to $3.43 in the pre-market session. Lattice Semiconductor announced that for the first quarter of 2010, it has raised revenue outlook and expects revenue to increase by approximately 21% to 25%, sequentially. In the previous trading session, LSCC closed at $3.08. LSCC made a new 52 week high at $3.11 in the last trading session.

Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF) moved up 18.04% to $7 in the pre-market session. Andatee China Marine Fuel Services Corporation announced today that AMCF's management team will present at the upcoming Rodman & Renshaw Annual China Investment Conference in Beijing, China. Andatee China Marine Fuel Services closed at $5.93 in the previous trading session.

Hovnanian Enterprises, Inc. (NYSE: HOV) increased 3.27% to $4.10 in the pre-market session. Hovnanian Enterprises reported yesterday a first-quarter profit of $236.2 million, or $2.97 per share, from a loss of $178.4 million, or $2.29 per share, in the year-ago period. Revenue declined to $319.6 million from $373.8 million for the same quarter last year. The 52-week trading range for HOV is $0.51 - $5.75. In the last trading session, HOV closed at $3.97.

Novell, Inc. (NASDAQ: NOVL) increased 29.05% to $6.13 in the pre-market session after Elliott Associates offered to buy Novell for $2 billion. Elliott Associates has offered to purchase NOVL for $5.75 per share in cash. The 52-week trading range for NOVL is $3.01 - $5.05. Novell closed at $4.75 in the last trading session. In the last six months, NOVL has gained over 12%.

SouthWest Water Company (NASDAQ: SWWC) increased 50.64% to $10.65 in the pre-market session. Southwest Water Company announced that it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership). The 52 week trading range for SWWC is $3.67 - $7.59.

Posted-In: Pre-Market Outlook Movers

 

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