BUZZ-U.S. Stocks on the Move-GWG, Travelport, Cone Midstream, P&G
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U.S. stocks were lower on Thursday, on the heels of the biggest gain for the S&P 500 in a month and following data on the labor market and durable goods.
The Dow Jones industrial average was down 1.11 percent at 17,018.74, the S&P 500 was down 1.16 percent at 1,975.07 and the Nasdaq Composite was down 1.56 percent at 4,484.126.
** TRAVELPORT WORLDWIDE LTD, $16.9, +5.63 pct
** ORBITZ WORLDWIDE INC, $7.76, -2.51 pct
** BLACKSTONE GROUP LP, $31.46, -0.60 pct
Travelport's shares rose as much as 10.6 percent in their market debut, valuing the provider of booking and payment services to the travel industry at about $2.13 billion.
The Blackstone-backed company's IPO was priced at $16 per share, the top end of the expected range. Travelport has a stake in Orbitz. Continued...