Early Hour Notable Stock Movers (ABK, WYNN, AMD) by PennyStockPickReport.com

Ambac Financial Group, Inc. (NYSE:ABK) soared 74.60% to $1.12 after the company swung to profit in a fourth-quarter fueled by almost $500 million tax credit and mark-to-market gains . For the recent quarter the company reported net profit of $558.1 million, or $1.93 a share, compared to a net loss of $2.34 billion, or a loss of $8.14 a share, in the corresponding period.

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Wynn Resorts, Limited (NASDAQ:WYNN) fell 1.11% to $85.27 after the company announced a surprise move of dropping its bid to rescue a troubled waterfront casino project in Philadelphia, saying the project isn’t appropriate for the company, The Associated Press reported.

Advanced Micro Devices, Inc. (NYSE:AMD) surged 1.17% to $9.53 after it said that it will recognize a one-time, non-cash gain of $325 million related to its deconsolidation of GlobalFoundries Inc. for the quarter ended March 27, according to a regulatory filing with the Securities and Exchange Commission.

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