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Penn National rallies on major shakeup

Jon "DRJ" Najarian (ask-drj@optionmonster.com)

Corporate Shakeup Includes Big Cash Payout

Penn National said it will split into two companies, one of which will be a tax-free real-estate investment trust. Investors will also get a $5.35 per-share special dividend. PENN is rocketing more than 40 percent before the bell on my tradeMONSTER platform.

Foot Locker Earnings Beat as Margins Improve

Foot Locker earned $0.69 a share in the third quarter, beating the $0.54 average analyst forecast. Revenue was in line with expectations, but margins improved and FL is pushing higher by almost 6 percent in the premarket.

Aruba Climbs on Strong Results

Aruba Networks earned $0.18 a share on revenue of $144.5 million. Analysts had only expected $0.17 and $142.5 million, respectively. ARUN pops 5 percent in early trading.

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