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Shares of Alcoa Inc. (NYSE:AA) edged .40 percent lower before the opening bell. The alumina giant announced it will reduce its annual alumina production capacity by 390,000 metric tons, in order to avoid oversupply in the Atlantic region.
ConocoPhillips (NYSE:COP) shares decreased slightly, despite saying it expects to beat its first-quarter production target of 1.55 million barrels of oil a day. Production is estimated to come in at 1.62 million barrels.
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Macy’s Inc. (NYSE:M) shares gained .48 percent in early trading. The clothing retailer reported a 7.3 percent increase in same-store sales, beating the consensus of 4.8 percent. Kohl’s Corp. (NYSE:KSS) also beat the consensus, but shares fell 2.19 percent.
Shares of Great Wolf Resorts Inc. (NASDAQ:WOLF) surged more than 11 percent early Thursday. The company said it received a $6.25 per share buyout offer from KSL Capital Partners, beating an earlier $5 per share offer from Apollo Global Management.
Carmike Cinemas Inc. (NASDAQ:CKEC) shares dropped 10 percent in pre-market trading. The movie theater company announced a secondary offering of 4 million shares at $13 per share.
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