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Fiat shares surged 13% in Italian trading, according to a calculation by FOX Business Senior Editor Charlie Brady. The rally comes after the automaker said it would buy the remainder of Chrysler for $4.35 billion from a United Auto Workers trust. For those looking to invest in the stock without trading in euros, there is an ADR with the symbol "FIATY."
2Macy's & Martha Stewart Living Omnimedia [M | MSO]
Double Feature: Shares of Macy's and Martha Stewart Living Omnimedia garnered attention after the two settled a legal dispute over product branding. Both were lower by less than 1% in pre-market trading.
Apple shares fell more than 1% in pre-market trading after analysts at Wells Fargo reportedly chopped down the world's biggest tech company's outlook to "market perform" from "outperform."
4Urban Outfitters [URBN]
Urban Outfitters shares got a boost after analysts at Jefferies upped the apparel maker to "buy" from "hold," according to Reuters.
5Dry Ships [DRYS]
Dry Ships shares took a 7% beating after the marine transportation company said it would issue an additional $200 million in common shares.