Pre-market Movers For Jan 16 (GS, C, YHOO, BBY, JCP, NUS, SRPT, CEC, TSRA)

(RTTNews) - Gainers:

Goldman Sachs Group, Inc. (GS) is up 0.42 percent to $179.50. The company's fourth quarter profit and revenues declined from the prior year period, but topped Wall Street view.

Sarepta Therapeutics, Inc. (SRPT) is gaining 18 percent to $23.55 after its announcement that Study 202, a Phase IIb open-label extension study of eteplirsen in patients with Duchenne muscular dystrophy, met its primary endpoint of increased novel dystrophin as assessed by muscle biopsy at Week 48 and is now in the long-term extension phase in which patients continue to be followed for safety and clinical outcomes.

CEC Entertainment, Inc. (CEC) is up 12 percent to $54.40. The Chuck E. Cheese's parent has agreed to be taken private by Apollo Global Management LLC (APO) for $54.00 per share in a deal valued at about $1.3 billion, including assumed debt.

Decliners:

Citigroup Inc. (C) is falling over 3 percent to $53.14. Th company's fourth quarter earnings improved from the previous year period, while adjusted earnings per share missed Wall Street view. Revenues for the quarter declined 1 percent from the same period a year earlier.

Yahoo! Inc. (YHOO) is down 2 percent to $40.20. The company disclosed in a regulatory filing yesterday that its Chief Operating Officer Henrique de Castro would leave the company, effective January 16, with a severance package estimated to be worth over $42 million. A former Google executive, Castro was hired by Yahoo! Chief executive Marissa Meyer to boost revenues of the struggling internet company. His departure, after about 15 months on the job, is possibly an indication that those efforts are not paying off as expected.

Best Buy Co., Inc. (BBY) is sliding 28 percent to $27.08. The company announced that its domestic comparable store sales for the nine weeks ended January 4, 2014 declined 0.9 percent, negatively impacted by continuing rationalization of non-core businesses.

J. C. Penney Company, Inc. (JCP) is down 2 percent to $6.83. The company announced that it will close 33 under-performing stores and lay off 2,000 employees to focus more on potential growth areas. The company expects these plans to save about $65 million a year beginning in 2014, while the closures and job cuts will result in pre-tax charges of about $26 million in the fourth quarter and $17 million in future periods.

Nu Skin Enterprises Inc. (NUS) is down 15 percent to $97.49 amidst reports that Chinese officials would probe the company for operating an illegal pyramid scheme in the country.

Trading halt:

Trading in shares of Tessera Technologies Inc. (TSRA) was halted. The company announced that it is restructuring its DigitalOptics business to cease its remaining manufacturing operations and refocus efforts on monetizing DOC technologies, including solutions for imaging and MEMS technologies.