First Hour Biggest Stock Movers (BP plc, CIEN, PCLN)

Shares of BP plc (ADR) (Public, NYSE:BP) is one of the biggest blue-chip stock gainers on Wednesday after the company said decisions made by multiple companies, including Halliburton Company (Public, NYSE:HAL) and Transocean LTD (Public, NYSE:RIG) , contributed to the accident and oil spill in the Gulf of Mexico earlier this year. On the same day, Fitch Ratings raised its long-term issuer default rating on BP to A from BBB, noting that the upgrade reflects an end to threats posed by further leaks from the Macondo well in the Gulf of Mexico as well as "improved visibility of potential liability scenarios."

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Shares of BP rose over 3.60% to $38.53 in the opening session.

Ciena Corporation (Public, NASDAQ:CIEN) is the biggest stock gainer and surged 2.64% to $13.76 after today the company reported a narrower than expected third-quarter loss.

The company said that its loss widened to $109.9 million, or $1.18 a share, from $26.5 million, or 29 cents a share, in the same period a year ago. On an adjusted basis, loss was 9 cents a share.

Analysts were eyeing the company for a loss of 32 cents a share, on average.

Ciena Corporation is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video, and data traffic.

priceline.com Incorporated (Public, NASDAQ:PCLN) rose 2.61% to $319.67 after Deutsche Bank initiated coverage of online travel agency  on the stock with a buy rating and a $350 price target, citing that the company is in well positioned to benefit from European online travel.

"Long-term growth drivers are in place for the company, including: penetration of European online travel, strong demand for intra-Europe hotel transactions, the introduction of new services and expansion of service offerings into new markets," the broker said in a research note.

priceline.com Incorporated (priceline.com) is an online travel company, which offers a range of travel services, including hotel rooms, car rentals, airline tickets, vacation packages, cruises and destination services.

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