Companies whose shares are expected to trade actively in today’s session are Demand Media Inc (NYSE:DMD), Michael Kors Holdings Ltd (NYSE:KORS), NetSpend Holdings Inc (NASDAQ:NTSP), Fidelity National Financial Inc (NYSE:FNF), Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) and Millennial Media, Inc. (NYSE:MM).
Demand Media Inc (NYSE:DMD): The Internet publisher is planning to spin off its domain services business from its online content division, which is growing at much faster pace. Shares of Demand Media surged 14.80 percent to $9 in the early session.
Michael Kors Holdings Ltd (NYSE:KORS): The specialty retailer announced that some of its shareholders are offering 25 million shares to cash in after the recent run-up of the company’s shares. As of February 13, the company has 200.3 million ordinary shares. Michael Kors Holdings Ltd (NYSE:KORS) shares slipped 2.31 percent to $63.34 in early market trading.
NetSpend Holdings Inc (NASDAQ:NTSP): The prepaid debit card provider is being acquired by Total System Services, Inc. (NYSE:TSS) for $1.4 billion. The deal values NetSpend at about $16 per share. Shares surged 30.02 percent to $15.98 in early trading. After the announcement, shares of Green Dot Corporation (NYSE:GDOT) also jumped 8.89 percent to $15.93 percent. Green Dot is a competitor of NetSpend, and the acquisition of NetSpend Holdings Inc (NASDAQ:NTSP) has left investors speculating that Green Dot may soon be a takeover candidate.
Fidelity National Financial Inc (NYSE:FNF): The insurer’s fourth quarter earnings plunged 12 percent despite improvement in revenues. The company said earnings in the last year’s fourth quarter were strong because of the flood insurance business. Anyway, results were better than analysts’ estimates. Shares were up 3.4 percent to $26.45.
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX): The electronic health records company posted a fourth quarter loss due to declining sales and a deferred revenue provision. But the company showed solid bookings during the quarter. Shares rose 5.10 percent to $11.75 in early market trading.
Millennial Media, Inc. (NYSE:MM): The mobile advertising company returned to the fourth quarter profit amid stronger revenues. But the revenue growth missed company’s own forecasts. Millennial Media also issued downbeat guidance for the first quarter. Shares slumped 27 percent to $10.46 in the early session.