Take a look at some of Monday morning’s early movers:
Hewlett-Packard - HP’s board has authorized a 10 percent increase in the quarterly dividend to 13.2 cents per share from 12 cents. The increase does not go into effect until after the previously announced dividend payout due April 4 for shareholders of record as of March 14.
Illumina - Switzerland’s Roche extends its $5.7 billion cash bid for the biotech firm for a second time. Analysts do expect Roche to eventually raise the $44.50 per share offer, but it has not yet done so, and only about 0.1 percent of Illumina’s outstanding shares have been tendered so far.
Yahoo! - The company has appointed three new members to its board, ahead of a proxy fight with major shareholder Third Point. The hedge fund has nominated four for board membership, but Yahoo has only agreed on one of those nominees, turnaround specialist Harry Wilson.
Lions Gate Entertainment - The studio's “The Hunger Games” debuted with $155 million in ticket sales in North America, the third-highest opening and history, and the biggest for any movie that isn’t a sequel. Only last year’s “Harry Potter” finale and the Batman movie “The Dark Knight” have had bigger openings.
Amgen - Monthly injections of an experimental Amgen drug cut cholesterol levels by up to two thirds in a clinical trial. That could make it a strong competitor to a similar drug now under development by Regeneron Pharmaceuticals.
Armstrong World Industries - The building-products maker declared a special dividend of $8.55 per share. Armstrong shares had risen earlier this month after its board said it was considering such a move.
American International Group - Deutsche Bank has raised its price target to $40 from $35, citing increased confidence after meeting with the insurer's management.
Lexmark - The printer maker's stock has been downgraded to "market perform" from "outperform" at Bernstein, with the price target cut to $38 from $46. The firm says the downgrade is based on a lack of future revenue growth.
Media stocks - Canaccord has initiated coverage on the media group, with the following companies getting a "buy" rating: Comcast, Dish Network, DirecTV, Liberty Media, News Corp., Rentrak, Time Warner, Time Warner Cable, and Virgin Media.
Cal-Maine Foods - The nation's largest egg producer reported third-quarter profit of $1.09 per share, 7 cents above estimates. The company does say it expects feed costs will remain high through the summer.
Ancestry.com - Bank of America/Merrill Lynch has upgraded the stock to "buy" from "neutral," saying NBC is likely to renew "Who Do You Think You Are," which trades the ancestry of celebrities using the site's information.
Tesla - Wunderlich Securities has upgraded the automaker to "buy" from "hold," increasing the price target to $49 from $30, saying the company is ready to ramp up production.
Questions? Comments? Email us at email@example.com