Pre-market Movers For July 24 (CI, ANTM, AMZN, AAL, BIIB, XRX, TRUE, LEA)

(RTTNews) - Gainers:

Cigna Corp. (CI) is up five tenths of a percent to $155.04. Anthem, Inc. (ANTM) has agreed to acquire all outstanding shares of Cigna in a cash and stock transaction, valued at $54.2 billion on an enterprise basis. Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem shares for each share they hold, translating to a per share value of $188. ANTM is up nearly 1 percent to $156.52.

Amazon.com Inc. (AMZN) is surging 22 percent to $587.50. The company posted a surprising second quarter profit, while Wall Street expected the company to report a loss. Net sales for the quarter rose 20 percent and also topped the consensus estimate.

American Airlines Group Inc. (AAL) is up 2 percent to $43.65. The company's second quarter profit doubled from the year-ago quarter and its adjusted earnings per share topped Street view. Total revenue fell 4.6 percent and missed the consensus estimate by a whisker.

Lear Corp. (LEA) is gaining 4 percent to $103.00. The company's second quarter profit improved from the year-ago quarter and its adjusted earnings per share topped Street view. Net sales increased 1 percent, but missed the consensus estimate. The company raised its full-year 2015 core operating earnings guidance range.

Decliners:

Biogen Inc. (BIIB) is falling 11 percent to $341.03. The company's second quarter earnings improved from the year-ago quarter and its adjusted earnings per share topped Wall Street view. Revenue increased 7 percent, but was below the consensus estimate. The company also lowered its fiscal 2015 earnings and revenue guidance.

Xerox Corp. (XRX) is down 1 percent to $10.70. The company's second quarter adjusted earnings per share matched Street view, while revenue missed the consensus estimate. The company forecast third quarter earnings to miss analysts' estimate and currently sees full-year adjusted earnings per share at the lower end of its guidance range.

TrueCar, Inc. (TRUE) is plunging 36 percent to $6.77. The company expects to report a loss for its second quarter and also reported preliminary second quarter revenue below the consensus estimate due to a shortfall in unit volume. TrueCar also reduced its 2015 full year revenue guidance.