Among the companies with shares expected to actively trade in
Monday's session are Citigroup Inc. (C) and JA Solar Holdings Co.
(JASO).
Acorda Therapeutics Inc. (ACOR) said Monday that its Phase 3
study of its dalfampridine-QD treatment in people with post-stroke
walking deficits will start later than originally expected. Shares
of the biotechnology company fell 3.4% to $34 in premarket
trading.
Chindex International Inc. (CHDX) said it had received a bigger
acquisition offer than the one it received from a consortium led by
private-equity firm TPG Inc. Chindex--a U.S. company that provides
health-care services in China through the United Family Healthcare
network--didn't identify the new bidder. Shares rose 17% to $22.90
in recent premarket trading.
Citigroup said its first-quarter profit rose 3.5% from a year
earlier as the bank benefited from lower expenses and provisions
for soured loans, overshadowing weakness at its fixed-income unit.
Shares jumped 4% to $47.50 in premarket trading as results
comfortably beat the estimates of analysts polled by Thomson
Reuters.
JA Solar raised its first-quarter solar cell and module
shipments estimate, a move Chief Executive Baofang Jin attributed
to solid execution. The solar-products company's shares rose 5.2%
to $9.80 in recent premarket trading.
Trina Solar Ltd. (TSL, K3KD.SG) lowered its solar module
shipment guidance for the first quarter, citing a temporary
decrease in shipments to the European Union. The Chinese solar
panel maker also boosted its gross margin expectations for the
quarter. Shares dropped 1.8% to $11.35 premarket.
Watch List:
Fitch Ratings downgraded its rating on Alcoa Inc. (AA) into junk
territory, citing financial strains including weak aluminum
prices.
Vornado Realty Trust (VNO) said its board of trustees has
approved a plan to spin off the commercial property owner's
shopping center business into a new publicly traded real-estate
investment trust.
Yahoo Inc. (YHOO) said Tribune Co. (TRBAA) Chief Executive Peter
Liguori won't seek re-election to the Internet giant's board of
directors. Yahoo didn't provide a reason in a Securities and
Exchange Commission filing.
Write to Anna Prior at anna.prior@wsj.com
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