MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were
Weatherford International (NYSE:WFT),
SPDR S&P 500 ETF (NYSEARCA:SPY)
, Michael Kors Holdings (NYSE:KORS)
as of 9:25 a.m. EST.
Investors exchanged 3.38 million
shares of Weatherford International,
which was down $1.02, or 9.38%. According to
Reuters, Weatherford reported a pre-tax profit $191 million for its third quarter compared to $270 million in the prior-year quarter. Revenue increased 13% to $3.82 billion, missing estimates of $3.9 billion.
Investors traded 2.15 million
shares of SPDR S&P 500 ETF
, which was down $0.65, or 0.47%.
Investors also traded 1.57 million shares of Michael Kors Holdings
, which was up $0.36, or 0.71%. Michael Kors Holdings
expects to earn between $0.37 and $0.39 per share; Wall Street expects the company to report a profit of $0.39 per share. The fashion company expects its sales to rise more than 20% during the holiday quarter.
(See also:
Pre-Market Primer: Bonds Rally on Fiscal Cliff Worries.)
Twitter: @ChrisWitrak
No positions in stocks mentioned.