BUZZ-U.S. Stocks on the Move-TubeMogul, Express, Yingli, Smith & Wesson
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U.S. stocks opened flat on Wednesday as investors found few reasons to keep buying after a rally that has taken indexes to repeated records even as there was little seen on the horizon that could derail the rally. The Dow Jones industrial average was down 0.01 percent at 17,104.45 and the S&P 500 was down 0.04 percent at 1,999.21.
** TUBEMOGUL INC, $12.898, +39.89 pct
The software company reported second-quarter revenue of $28.7 million, above the average analyst estimate of $24.7 million, on strong demand for its video advertising software. The company also sees 2014 total revenue of $98-$102 million, above analysts' average estimate of $91.7 million
** SMITH & WESSON HOLDING CORP, $11.55, -11.83 pct
** STURM RUGER & CO INC, $49.04, -3.90 pct
Smith & Wesson forecast a second-quarter profit below analysts' estimates and cut its 2015 profit and revenue forecast, citing industrywide high inventories and weak consumer buying during summer. Continued...