MARKET PULSE-Mitek, BroadSoft, Realogy, Trex, Cadiz, Hyperdynamics

Mon May 5, 2014 3:15pm 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 were up slightly on Monday as concerns over an escalation of tensions between Ukraine and pro-Russia separatists were offset by data showing strength in the services sector. The Dow Jones industrial average rose 25.4 points or 0.15 percent, to 16,538.29, the S&P 500 gained 3.6 points or 0.19 percent, to 1,884.74 and the Nasdaq Composite added 12.957 points or 0.31 percent, to 4,136.854.

** MITEK SYSTEMS INC, $3.37, +9.77 pct

The software maker said subscribers of Members 1st Federal Credit Union, a financial company, will be able to transfer money into their Members 1st credit cards using Mitek's technology after snapping a photo of their credit card bill coupon on their smartphones.

Mitek is a software maker, which uses character recognition technology to convert electronically scanned documents into digital form.

** HYPERDYNAMICS CORP, $3.96, +165.77 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.   Continued...