MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were
Freeport-McMoRan Copper & Gold (NYSE:FCX),
McMoRan Exploration (NYSE:MMR), and
Plains Exploration & Production Company (NYSE:PXP)
as of 9:20 a.m. EST.
Investors exchanged 7.51 million
shares of Freeport-McMoRan Copper & Gold,
which was down $5.03, or 13.14%. Freeport-McMoRan Copper & Gold
announced it will buy Plains Exploration & Production and McMoRan Exploration for about $9 billion.
Investors traded 5.67 million shares of McMoRan Exploration
, which was up $6.29, or 75.34%.
Investors also traded 4.94 million
shares of Plains Exploration & Production Company
, which was up $9.00, or 24.97%.
(See also:
Pre-Market Primer: Hurricane Sandy Impacts Private Sector Employment.)
Twitter: @ChrisWitrak
No positions in stocks mentioned.