Early Movers: S, ZNGA, DIS, TDG & More
These stocks are moving before the bell on Friday:
Sprint — Multiple reports say the FCC has unanimously cleared Softbank's proposed acquisition of the majority of Sprint shares, as well as the Sprint proposal to buy the portion of Clearwire that it doesn't already own.
Zynga — Zynga will give its new chief executive Don Mattrick a pay package worth about $50 million – mostly in stock-related compensation – in the coming years. An SEC filing shows Mattrick will get a base salary of $1 million in his first year, along with a signing bonus of $5 million and a 2013 bonus of $2 million.
Buffalo Wild Wings — The restaurant operator's stock was upgraded to "buy" from "hold" at Miller Tabak, citing lower operating costs as well as lower prices for chicken wings.
Walt Disney — Disney is seeing a holiday disappointing at the movie box office, with "The Lone Ranger" performing below expectations and raising the possibility that Disney could lose money on the $225 million film.
TransDigm — TransDigm declared a special dividend of $22 per share, which will be payable on July 25. TransDigm is a maker of aircraft components and made the move in an effort to boost shareholder returns.
Nokia — Standard & Poor's downgraded Nokia's debt rating one notch, after the company bought out the share held by Siemens in their networking equipment joint venture. S&P cites negative free operating cash flow prospects, although it did term Nokia's outlook "stable".
Marathon Oil — Bank of America/Merrill Lynch downgraded the oil company's stock to "neutral" from "buy".
Mead Johnson Nutrition —The stock was downgraded to "equal-weight" from "overweight" at Morgan Stanley, which points to pricing headwinds for the provider of pediatric nutrition products.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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