Nexen and SPDR S&P 500 ETF Among Most Active Stocks in NYSE Pre-Market

By Christopher Witrak  OCT 22, 2012 9:25 AM

ING Groep was up this morning.


MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were Nexen (NYSE:NXY), SPDR S&P 500 ETF (NYSEARCA:SPY), and ING Groep (NYSE:ING) as of 9:10 a.m. EDT.

Investors traded 5.15 million shares of Nexen, which was down $1.82, or 7.17%. Over the weekend, the Canadian government rejected a $5.2 billion buyout offer by a Malaysian state company for Process Energy Resources. Investors believe the Canadian government may also block a $15.1 billion offer for Nexen made by a Chinese-state owned firm.

Investors exchanged 1.45 million shares of SPDR S&P 500 ETF, which was down $0.20, or 0.14%. (Also see: Pre-Market Primer: Stocks Bounce Back Ahead of Busy Earnings Week, Spaniards Back Rajoy's Party.)

Investors also traded 1.07 million shares of ING Groep, which was up $0.25, or 2.79%. ING plans to divest insurance divisions in Macau, Hong Kong, and Thailand to Pacific Century Group for $2.14 billion. ING should receive a net gain of 1 billion euros from the deal.

Twitter: @ChrisWitrak
No positions in stocks mentioned.