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Research In Motion (NASDAQ:RIMM) and Casella Waste Systems (NASDAQ:CWST) Among Most Active Stocks in Nasdaq Pre-Market


Questcor Pharmaceuticals was up this morning.

MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Research In Motion (NASDAQ:RIMM), Casella Waste Systems (NASDAQ:CWST), and Questcor Pharmcaeuticals (NASDAQ:QCOR) as of 8:55 a.m.

Investors traded 7,692,004 shares of Research In Motion, which was up $1.08, or 15.13%. Yesterday, RIM reported a narrower-than-expected net loss of $235 million, or $0.45 per share, on $2.9 billion in revenue in its fiscal second quarter. Analysts on average expected a loss of $0.46 per share on revenue of $2.5 billion. The company increased its cash from $2.2 billion in its fiscal first quarter to $2.3 billion for the recent quarter. RIM CEO Thorsten Heins said today that a touch screen version of the BlackBerry 10 will be released in the first quarter of 2013 along side the standard version.

Investors also traded 1,128,825 shares of Casella Waste Systems, which was down $0.05, or 1.15%. Casella Waste announced the pricing of an underwritten public offering of 10,000,000 shares of its Class A common stock at a price of $4.00 per share. It will also grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock sold in the offering to cover over-allotments, if any.

Investors exchanged 716,056 shares of Questcor Pharmaceuticals, which was up $1.61, or 9.03%. The Board of Directors of Questcor announced today that the company will begin paying a quarterly dividend. The first dividend will be $0.20 and paid on November 15, 2012 to all shareholders of record as of October 31, 2012. The board also announced that the company's common stock repurchase program has been increased to 7 million shares.

Twitter: @ChrisWitrak
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