Stock futures were pointing to a lower opening as traders await the release of minutes from the Federal Reserve’s September meeting and ahead of earnings from bellwether Intel Corp after the closing bell.
Here are some early-market movers for Tuesday.
ActivIdentity (NASDAQ: ACTI)
The digital identity insurance company announced it would be acquired by Swedish lock maker Assa Abloy for $162 million which sent sent shares soaring 42.5% in pre-market trading.
King Pharmaceuticals (NYSE: KG)
Shares of the pharmaceutical company jumped 39.1% in pre-market trading after announcing it would be acquired by Pfizer for $14.25 per share in a deal valued at $3.6 billion.
Geron Corp. (NASDAQ: GERN)
Shares of the biopharmaceutical company were up 4.4% in pre-market trading Tuesday after announcing late Monday that the first human trial of its embryonic stem cell treatment had started.
Global Payments Inc (NYSE: GPN)
The electronic payment transaction company posted first-quarter results below expectations reporting earnings of 61 cents per share on revenue of $440.1 million. Analysts had estimated earnings of 69 cents per share and revenue of $438.6 million. Shares dipped 13.2% in pre-market trading.
Tongxin International Ltd. (NASDAQ: TXIC)
The Chinese auto body manufacturer said it had received notification from NASDAQ that is was no longer in compliance for listing after failing to file a form 20-F, a requirement for foreign listings. Shares were down 12.2% in pre-market trading.
Synaptics Inc. (NASDAQ: SYNA)
After the close Monday, the user interface developer lowered its quarterly revenue guidance and announced the resignation of its CEO sending shares down 6.1% in pre-market trading Tuesday.