BUZZ-U.S. Stocks on the Move-SGOCO, Sungy, Frontline, CSR
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell moderately on Thursday after Ukraine's president said Russian forces had been brought into his country, returning focus to the volatile region, though the latest round of U.S. economic data pointed to improving conditions. The Dow Jones industrial average was down 0.21 percent at 17,085.67 and the S&P 500 was down 0.11 percent at 1,997.87.
** SGOCO GROUP LTD, $2.82, +75.16 pct
The Chinese flat-panel display maker said it launched a sales platform on online retailer JD.com.
More than 6.8 million shares changed hands by 2:05 p.m. ET, nine times their 10-day average volume.
** SUNGY MOBILE LTD, $8.4, -19.23 pct
Oppenheimer & Co cut its rating on the Chinese mobile applications developer's shares to "perform" from "outperform" and removed a $22 price target.
The company will accelerate spending on research and sales and marketing in the coming two quarters which will put "pressure" on margins, Oppenheimer analysts said in a note. Continued...