June 21 (Reuters) - Some U.S. stocks on the move on Friday:
U.S. stocks edged higher at the open, bouncing back from a two-day selloff triggered by concern over the future of central bank stimulus, but major indexes were still on track to post sharp losses for the week. The Dow Jones industrial average was up 0.49 percent, the S&P 500 up 0.53 percent and the Nasdaq Composite up 0.04 percent.
** IDENIX PHARMACEUTICALS INC, $3.39, down 34 pct (0930 ET)
Idenix Pharmaceuticals said it expects a delay in human trials of one of its experimental hepatitis C drugs after the U.S. Food and Drug Administration asked for additional safety data.
** SPREADTRUM COMMUNICATIONS INC, $25.80, up 16 pct (0931 ET)
The Chinese cellphone chip designer said it received a $1.38 billion buyout proposal from a unit of government-owned Tsinghua Holdings Co Ltd. The offer of $28.50 per American depository share represents a premium of 28 percent to Spreadtrum’s Thursday closing price.
** WILAN INC , $4.62, up 12 pct (0954 ET)
The Canadian patent licensing company said on Thursday it renewed a wireless products license with Samsung Electronics Co .
** ENZO BIOCHEM, $2.10, down 7 pct (1026 ET)
The company will be taken off the S&P Smallcap 600 Index on June 28.
** FACEBOOK INC, $24.55, up 2.7 pct (0931 ET)
UBS upgraded the social network’s stock to “buy” from “neutral”, according to theflyonthewall.com. Facebook introduced video for its popular photo-sharing application Instagram on Thursday in an attempt to take on rival Twitter.
** CARMAX INC, Thursday close $44.57, up 9 pct premarket
The largest U.S. used-car retailer reported strong quarterly results as a better supply and an improving consumer sentiment helped it sell more vehicles at higher prices.
** MECHEL OAO, $2.89, up 6.6 pct (1013 ET)
The debt-laden Russian coal company has been allowed to push back development plans for its key Elga coal asset by 3.5-5 years, a source familiar with the mining license told Reuters on Friday.
** THERAVANCE INC, $36.63, up 7 pct (1025 ET)
The Daily Mail's market report on Friday cited "industry gossip" that GlaxoSmithKline is lining up a $55 per share bid for Theravance, in which the British drug giant already has a stake. (r.reuters.com/sew98t)
** ORACLE CORP, $30.50, down 8 pct (1024 ET)
The technology giant missed expectations for software sales and subscriptions for the second straight quarter. Evercore Partners, Canaccord Genuity, BMO Capital Markets, Oppenheimer and Susquehanna Financial Group cut their price targets on the stock.
** PHARMERICA CORP, $14.12, down 10 pct (1024 ET)
The pharmacy services provider said hospital operator Kindred Healthcare Inc will not renew Pharmerica's contract for skilled nursing pharmacy services next year. Pharmerica will continue to provides pharmacy management services to Kindred's hospitals through 2014 under another contract. (r.reuters.com/zuv98t)
** ORAMED PHARMACEUTICALS INC, $6.90, up 27 pct (1012 ET)
The Israeli company said it has withdrawn the proposed public offering of its common stock due to adverse market conditions. The stock has dropped 36 percent in the last four days until Thursday.
** ASHFORD HOSPITALITY TRUST INC, $11.68, down 6 pct (1023 ET)
The real estate investment trust priced on Thursday its follow-on public offering of 11 million shares at $12.00 each, a discount of 3.5 percent to the stock’s Thursday close.
** SPRINT NEXTEL CORP, $6.94, down 2 pct (1021 ET)
SoftBank Corp CEO Masayoshi Son said he was confident his company’s acquisition of Sprint will be completed in early July after rival bidder Dish Network Corp failed to make a counter move this week.
** MICRON TECHNOLOGY INC, $13.79, up 2 pct (1020 ET)
Sanford C. Bernstein raised its target price on the chipmaker’s stock to $20 from $14, saying the company’s dynamic random access memory (DRAM) business should keep recovering in 2013 following the acquisition of Elpida.
** CLEANTECH SOLUTIONS INTERNATIONAL INC, $4.9, down 9.2 pct (0954 ET)
The company, which makes metal components for the clean energy industry, said it sold 428,398 shares at $4.50 each, a 17 percent discount to the stock’s Thursday close of $5.40 on the Nasdaq.
** ARCHER DANIELS MIDLAND CO, $33.32, up 2 pct (1020 ET)
The U.S. agribusiness giant said on Thursday it is in talks to sell its cocoa business in a further sign that ADM is focusing on expanding its footprint in the burgeoning global grains sector.
** ROCKWOOD HOLDINGS INC, $61.53, down 5 pct (1019 ET)
Rockwood Holdings has canceled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers it was hoping for, four people familiar with the matter said on Thursday.
** DARDEN RESTAURANTS INC, $50.77, up 1 pct (0932 ET)
The restaurant chain operator reported better-than-expected quarterly sales, helped by aggressive promotions and the introduction of cheaper fare at its Olive Garden and Red Lobster chains. (Reporting By Kanika Sikka in Bangalore; Editing by Don Sebastian)