BUZZ-U.S. Stocks on the Move-Galmed, Alco, Del Frisco's, BlackBerry, ChinaNet

Tue Sep 23, 2014 1:52pm EDT
 
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(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 were modestly lower on Tuesday, with the S&P 500 on track for its third straight daily decline as investors digested signs of slowing global growth.

The Dow Jones industrial average was down 0.44 percent at 17,097.57, the S&P 500 was down 0.29 percent at 1,988.48 and the Nasdaq Composite was down 0.13 percent at 4,521.846.

** ALCO STORES INC, $3.0101, -48.98 pct

The retailer hit an all-time low of $2.81 after posting a second-quarter loss compared to a profit a year earlier. Revenue fell 6 percent hurt by an 8.9 percent decline in same-store sales.

** GALMED PHARMACEUTICALS LTD, $9.1201, +40.74 pct

The U.S. FDA gave fast-track status to the drug developer's lead drug, which is being tested as treatment for non-alcoholic steato-hepatitis. The drug is expected to be tested in a mid-stage study this year.   Continued...