MARKET PULSE-Imperva, Rite Aid, Titan Machinery, Ruby Tuesday

Thu Apr 10, 2014 10:00am EDT
 
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(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 opened little changed on Thursday as a positive read on weekly jobless claims was offset by some disappointing corporate earnings, including from Bed, Bath & Beyond. The Dow Jones industrial average was down 0.04 percent at 16,431.33, the S&P 500 was down 0.20 percent at 1,868.37 and the Nasdaq Composite was down 0.70 percent at 4,154.737.

** IMPERVA INC, $29.62, -40.44 pct

Brokerage Oppenheimer & Co cut its rating on the data security company's stock to "perform" from "outperform" after the firm cut its first-quarter revenue forecast. The company cut its revenue guidance to $31-$31.5 million from $36-$37 million.

Two other brokerages cut their price target on the stock of the company, which also forecast a bigger adjusted per-share loss of 40-44 cents, compared with 33-37 cents it had forecast earlier.

** BOX SHIPS INC, $1.91, -19.75 pct

The shipping company said on Wednesday it had commenced an underwritten offering of its units, comprising common shares and warrants. It will use proceeds from the offering for general corporate purposes such as repayment of debt and acquisition of vessels.

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