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Early-Market Movers: Sprint Nextel, Citigroup

 
By Michael Goldstein
FOXBusiness
     

    Stock futures were pointing to a higher opening after the release of better-than-expected retail sales numbers. 

    Here are some of the early-market movers for Monday. 

    Nabi Biopharmaceuticals (NABI

    Shares jumped 40% in pre-market trading after the company announced it had entered into a licensing agreement with GlaxoSmithKline (GSK) for Nabi's experimental nicotine additction vaccine, NicVAX. The deal will give Nabi $40 million initially and up to $500 million in additional fees and milestone payments. 

    Sprint Nextel Corp (S

    Analysts at Credit Suisse raised their rating to “outperform” from “neutral.”  Shares were up 9.3% in pre-market trading.

    Sinovac Biotech Ltd. (SVA) 

    The company announced it was selected by the Shanghai Government to supply its Healive hepatitis A vaccine to the public. The deal is valued at $3 million over the next 12 months. Sinovac shares were up 5% in pre-market trading.

    Euroseas Ltd. (ESEA) 

    The ocean transport services company released third-quarter results reporting a loss of one cent per share which matched analyst estimates. Revenue of $17.2 million came in above estimates of $13.89 million. Shares were up 4.4% in pre-market trading. 

    Citigroup Inc. (C) 

    Citigroup shares were up 4% in pre-market trading after the company announced preliminary numbers that show its efforts in Florida have successfully helped distressed homeowners avoid foreclosure at nearly three times the rate from a year ago. 

    China Advanced Construction Materials Group, Inc. (CADC) 

    Despite posting record quarterly revenue, shares of the Chinese concrete manufacturer were down 23% in pre-market trading after reporting a loss of 44 cents per share for the first quarter. The company had posted earnings of 10 cents per share for the same period last year.