Pre-market Movers For Sept 27 (BBRY, NKE, JCP, FINL, RDA, ZOLT, NKTR)

(RTTNews) - Gainers:

BlackBerry Ltd. (BBRY) is up 2 percent to $8.13. The company's second quarter net loss widened from the previous year period. Revenue for the quarter declined 45 percent and missed the consensus estimate. The company said it is very disappointed with its operational and financial results during the quarter and have announced a series of major changes to address the competitive hardware environment and its cost structure.

Finish Line Inc. (FINL) is gaining 9 percent to $24.40. The company's second quarter profit and net sales improved from the prior year period and topped Wall Street view. The company also backed its earnings guidance for the fiscal year.

RDA Microelectronics, Inc. (RDA) is rising 7 percent to $14.90. The company announced the receipt of an unsolicited, preliminary non-binding proposal letter from Shanghai Pudong Science and Technology Investment Co., Ltd. valuing the company at $2.5833 in cash per Share or $15.50 per ADS.

Nike, Inc. (NKE) is up $6 percent to $75.00 following the release of its quarterly results.

Decliners:

J. C. Penney Company, Inc. (JCP) is down 7 percent to $9.64. The company announced that it has priced public offering of 84.0 million shares at $9.65 per share. The company intends to use the proceeds for general corporate purposes.

Zoltek Companies Inc (ZOLT) is down 11 percent to $16.47. Toray Industries Inc (TRYIF.PK, TKK.L) announced that it has agreed to buy the company for $16.75 per share.

Nektar Therapeutics (NKTR) is plunging 23 percent to $10.69. The company announced that the phase II study of its investigational drug NKTR-181 in chronic pain patients with osteoarthritis of the knee failed to meet primary end-point.