Pre-market: Build-A-Bear to increase stores
Custom stuffed animal maker Build-A-Bear Workshop, Inc. (NYSE: BBW) is evaluating potential strategic alternatives to enhance long-term shareholder value and plans on expanding its North American store base to at least 350 stores, the St. Louis, Mo.-based company said this morning. Shares are up $3.25, or 14%, to $25.76.
Shares of Trump Entertainment Resorts Inc. (Nasdaq: TRMP) are up on news this morning that the Atlantic City, N.J.-based casino hotels have been upgraded to “Peer Perform” from “Underperform” by investment bank Bear, Stearns & Co. Inc. (NYSE: BSC). The stock had added $0.34, or 3%, to $12.94.
American Superconductor Corp. (Nasdaq: AMSC) has been selected to lead the development of key components required to commercially deploy a power cable system on the Long Island Power Authority power grid, the Westborough, Mass.-based electricity solutions company said this morning. Its stock is up $1.31, or 7%, to $20.85.
Shares of pSivida Ltd. (Nasdaq: PSDV) are higher following news this morning that the Australian drug developer has entered into an evaluation agreement with an unnamed large global medical device company to evaluate cardiovascular delivery of drugs using pSivida’s drug delivery technologies. Shares are up $0.26, or 19%, to $1.64.
