Pre Market Movers: UEPS, NBG, IDIX, COOL, JBLU, PCX

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) is up 32.24% in pre market trading at $8.90. UEPS shares are rising this morning after the company’s subsidiary was awarded national tender by SASSA. UEPS trades 97 thousand shares a day on average and has traded 53 thousand shares already this morning. The company has a market cap of 302.41 million.

National Bank of Greece (NYSE:NBG) is up more than 7% this morning at $2.08. NBG has traded nearly 40 thousand shares in pre market and trades close to 600 thousand shares a day on average. NBG shares are up after the bank said Monday it completed a buy back program for outstanding covered and hybrid securities in order to boost capital. The company has a market cap of 9.32 billion.

Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) is up 4.14% in pre market trading at $14.20. IDIX trades 1.5 million shares a day on average. IDIX shares are up more than $8 a share since the start of the year. This jump comes as other similar companies have been acquired recently and investors are hoping for the same with Idenix. The company has a market cap of 1.31 billion.

Majesco Entertainment Company (NASDAQ:COOL) is down 21.48% in pre market trading at $2.34. COOL shares are falling after the company’s fourth quarter loss grew and expects 2012 to be weaker than estimates. COOL trades close to a million shares on average and has a market cap of 115.79 million.

JetBlue Airways Corporation (NASDAQ:JBLU) is down 2.09% today at $5.15. JBLU trades 6 million shares a day on average. JBLU shares have been falling for about a week now and has fallen close to $1 in that time period. The company has a market cap of 1.56 billion.

Patriot Coal Corporation (NYSE:PCX) is down 5.43% today at $6.97. PCX has traded over 200 thousand shares already this morning and trades a little over 6 million shares a day on average. The company has a market cap of 673.47 million. Coal mining companies dropped yesterday on forecast of lower prices as customers switch to natural gas. The company has a market cap of 673.09 million.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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