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June 26 (Reuters) - Some U.S. stocks on the move on Wednesday:
U.S. stocks opened higher as concerns eased that the U.S. Federal Reserve would soon rein in its stimulus program. The Dow Jones industrial average was up 0.58 percent, the Standard & Poor's 500 Index up 0.60 percent, and the Nasdaq Composite Index up 0.84 percent.
** SYNAPTICS INC, $39.88, up 11 pct (0951 ET)
The touchscreen chipmaker, which counts smartphone makers Samsung, Blackberry and HTC among its customers, raised its revenue outlook for the current quarter, citing higher-than-expected sales from mobile products.
** MISTRAS GROUP INC, $17.98, down 12 pct (0950 ET)
The engineering services company said revenue would miss analyst estimates in 2013 and 2014 due to falling demand for its services.
** FIVE BELOW INC, $35.95, down 6 pct (0953 ET)
The discount-store operator said it priced its secondary offering at $36.00 per share. All the shares are being offered by selling shareholders, including certain members of the company's management. The stock closed at $38.20 on the Nasdaq on Tuesday.
** AMBIT BIOSCIENCES CORP, $7.15, up 5 pct (0943 ET)
The company said it will start late-stage testing of its experimental blood cancer drug early next year, based on positive data from a mid-stage study.
** ALLOT COMMUNICATIONS LTD, $13.97, up 4 pct (0949 ET)
Wedbush Securities Inc upgraded the stock to "outperform" from "market perform" and raised its price target to $17 from $15, saying it anticipates bookings from Europe and North America to improve. Allot, which supplies technology that allows telecom operators to monitor and allocate bandwidth, said on Tuesday it has secured orders from two customers in Europe and one in the United States to assist in their LTE network.
** HARTFORD FINANCIAL SERVICES GROUP, $30.29, up 4 pct (0948 ET)
The insurer increased its share buyback by $750 million to $1.25 billion and raised its quarterly dividend by 50 percent to 15 cents per share.
** ADOBE SYSTEMS INC, $45.53, up 2 pct (0948 ET)
Brokerage Jefferies & Co upgraded the Photoshop maker's stock to "buy" from "hold", saying its survey suggested Adobe has more new users, and probably less churn than it previously expected. The brokerage also said Adobe's Creative Cloud model will drive operating margins. Creative Cloud is the subscription-based version of its flagship software package.
** AEROVIRONMENT INC, $20.13, up 3 pct (0947 ET)
The maker of unmanned aircraft systems reported better-than-expected fourth-quarter results on Tuesday.
** APOLLO GROUP INC, $18.29, down 5 pct (0946 ET)
The for-profit education company reported lower-than-expected third-quarter results on Tuesday as new student enrollments slipped again. The company also forecast full-year revenue largely below market expectations.
** MELLANOX TECHNOLOGIES LTD, $50.82, up 4 pct (0946 ET)
Brokerage Stifel Nicolaus upgraded the Israel-based chip designer's stock to "buy" from "hold", citing the launch of Intel Corp's next generation, higher performance server processors later in 2013 and through 2014. Mellanox supplies chip equipment to Intel.
** HOME BANCSHARES INC, $24.83, up 8 pct (0936 ET)
The bank holding company said it would buy Liberty Bancshares Inc in a $280 million cash-and-stock deal to expand in Arkansas. Shareholders of Liberty Bancshares will receive $250 million of Home BancShares common stock and $30 million in cash. The combined entity will have about $7.1 billion in total assets, $5.6 billion in deposits and $4.5 billion in loans.
** HUNTINGTON BANCSHARES INC, $7.92, up 2 pct (0945 ET)
** PNC FINANCIAL SERVICES GROUP, $73.84, up 1.5 pct
** SYNOVUS FINANCIAL CORP, $2.87, up 1 pct
The U.S regional banks' stock rose on positive economic data showing strong gains in business spending plans last month and the largest annual rise in house prices in seven years in April. The S&P/Case Shiller home price composite index, an indicator of housing market's strength, for 20 metropolitan areas, rose 12.1 percent in April from a year ago, the largest annual rise since March 2006.
** MICROSOFT CORP, $34.01, up 1 pct (0943 ET)
Thousands of software developers flock to San Francisco for Microsoft's annual three-day developer conference called 'Build', where the world's largest software company will release a test version of its widely publicized Windows 8.1 update.
Analysts at Morgan Stanley raised their price target on the stock from $36 to $40, citing a potential restructuring of the company to sharpen focus on key assets and better PC data.
** BARRICK GOLD CORP, $15.34, down 5 pct (0937 ET)
** KINROSS GOLD CORP, $4.62, down 4 pct
** YAMANA GOLD INC, $8.66, down 4 pct
** NEWMONT MINING CORP, $27.41, down 5 pct
** IAMGOLD CORP , $3.93, down 5 pct
** SILVER STANDARD RESOURCES INC, $5.65, down 4 pct
** ROYAL GOLD INC, $40.15, down 5 pct
Gold fell to its lowest in almost three years on Wednesday, putting it on course for a record quarterly loss, as U.S. economic data increased fears the Federal Reserve will soon end ultra-loose monetary policy.
Credit Suisse cut price target on several gold and silver stocks.
** BOISE-CASCADE CO, $25.54, down 3 pct (0936 ET)
The wood products manufacturer said it expected to report second-quarter earnings of 11 to 21 cents per share, on July 23. Analysts were expecting 43 cents, according to Thomson Reuters I/B/E/S.
** GENERAL MILLS INC, $47.70, down 1 pct (0935 ET)
The packaged food company behind Yoplait yogurt and Progresso soups, reported fourth-quarter earnings on Wednesday that met Wall Street expectations but it gave a forecast for the new fiscal year that was below them, as it sees higher costs for ingredients.
** RACKSPACE HOSTING INC, $37.89, up 5 pct (0935 ET)
Brokerage Wells Fargo upgraded the web hosting company's stock to "outperform" from "market perform", according to theflyonthewall.com. (Compiled by Kanika Sikka; Editing by Maju Samuel)