Stock Report on California Pizza Kitchen, Borders Group and Molina Healthcare Inc. (CPKI, BGP, MOH)

California Pizza Kitchen Inc. (NASDAQ: CPKI) is a casual dining restaurant chain that specializes California style pizza. As of Jan 2010, the company owned, licensed or franchised 252 locations in 32 states and nine foreign countries, of which 205 are company owned and 47 operate under franchise or license agreements. The company is credited with spreading the once exclusive California gourmet pizza trend throughout the U.S and later, the world.

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California Pizza Kitchen shares were up 5.77% to $15.57 in pre-market trading. The company’s shares have a 52-week price range of $12.29-$24.00. The company’s shares have a 50-day moving average of $17.89 and a 200-day moving average of $15.81.

Borders Group Inc. (NYSE: BGP), which launched their e-book store last week, is now planning to sell the Kobo e-reader with a $20 gift card to lure customers after Amazon.com Inc. (NASDAQ: AMZN), and Barnes & Noble Inc. (NSYE: BKS) cut prices for their own electronic devices. Borders, is will maintain Kobo’s $149.99 price, while the members of the retailers rewards service will receive the card and double ‘Borders Bucks’, totalling to $10 credit with any Kobo purchase.

Borders shares were up 5.44% to $1.55 in pre-market trading. The company’s shares have a 52-week price range of $0.85-$4.28. The company’s shares have a 50-day moving average of $1.88 and a 200 -day moving average of $1.92.

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Molina Healthcare Inc. (NYSE: MOH) today announced that it has entered into a definitive agreement to acquire Abri Health Plan. The purchase price for the acquisition is said to be around $16 million and will be funded with available cash and/or company credit facility. Subject to regulatory approvals, the transaction is expected to be concluded by August 31, 2010.

Molina Healthcare shares were trading at $27.55 in the pre-market trading. The company’s shares have a 52-week price range of $17.05-$31.20. The company’s shares have a 50-day moving average of $28.23 and a 200-day moving average of $23.92.

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