MARKET PULSE-Primero Mining, Clean Diesel, Hastings, Schawk
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose more than 1 percent on Monday, rebounding from a steep drop in the previous week as concerns eased over the situation in Crimea, even as the region voted to join Russia. The Dow Jones industrial average was up 1.07 percent at 16,238.13, the S&P 500 was up 0.92 percent at 1,858 and the Nasdaq Composite was up 1.02 percent at 4,288.581.
** SINA CORP, $69.53, +7.65 pct
Twitter-like messaging service Weibo Corp, owned by Sina Corp, filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.
** HASTINGS ENTERTAINMENT INC, $2.98, +56.02 pct
The retailer of new and used books and consumer electronics merchandise said it would be acquired by shareholder Joel Weinshanker for about $21.4 million.
The $3 per share offer is at a 57 percent premium to the stock's Friday's closing price of $1.91.
** STAAR SURGICAL CO, $17.7, +15.16 pct Continued...