BUZZ-U.S. Stocks on the Move-Citizens Financial, BlackBerry, Allergan, Valeant

Wed Sep 24, 2014 11:15am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(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 higher in early trading on Wednesday, after three sessions of declines, as housing data that showed new home sales jumped sharply in August.

The Dow Jones industrial average was up 0.30 percent at 17,107.15, the S&P 500 was up 0.28 percent at 1,988.28 and the Nasdaq Composite was up 0.43 percent at 4,528.051.

** CITIZENS FINANCIAL GROUP INC, $22.18, +3.16 pct

** ROYAL BANK OF SCOTLAND, $11.82, +1.11 pct

Shares of Citizens Financial Group Inc, the U.S. unit of RBS, rose in their debut - the biggest U.S. offering by a bank since the financial crisis.

The listing got a lukewarm reception from investors, forcing RBS to cut the price of shares sold to $21.50 per share, below the expected range of $23-25.

  Continued...