MARKET PULSE-Hyperdynamics, BroadSoft, B/E Aerospace, Nordion

Mon May 5, 2014 10:12am 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 fell at the open on Monday on concern China's economy is continuing to lose momentum and as pro-Russian separatists ambushed Ukrainia forces, escalating a conflict that has kept global markets on tenterhooks recently. The Dow Jones industrial average was down 0.57 percent at 16,418.94 and the S&P 500 was down 0.43 percent at 1,873.09.

** HYPERDYNAMICS CORP, $2.52, +69.13 pct

The oil and gas company said its project partner Tullow Oil had lifted the force majeure declared on its offshore exploration block in Guinea.

Hyperdynamics said it was trying to satisfy the conditions necessary to resume production, including a clarification that a U.S. regulatory investigation of the company would not hurt Tullow's operations under the production sharing contract.

** TWITTER INC, $38.89, -0.33 pct

The six-month "lockup" - the period after the initial public offering during which early investors are barred from selling their shares - ends on Monday. Restrictions on about 470 million shares will be removed. The expiration of the lockup period could put additional pressure on the stock.

According to an article in the May 5 edition of Barron's, Twitter still looks overpriced even after a 47 percent drop from its late December high of $74.   Continued...