BUZZ-U.S. Stocks on the Move-DreamWorks, Athlon, Tonix, Apple

Mon Sep 29, 2014 8:16am 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. stock index futures were lower on Monday, indicating Wall Street's recent weakness would continue amid ongoing civil unrest in Hong Kong. Dow Jones industrial average futures were down 0.59 percent at 16,930, S&P 500 futures were down 0.63 percent at 1,963.5 and Nasdaq 100 futures were down 0.64 percent at 4,019.75.

** ATHLON ENERGY INC, Friday close $46.73, +24.61 pct premarket

** ENCANA CORP, Friday close $21.13

Encana, Canada's largest natural gas producer, said it would buy Athlon Energy for $5.93 billion in cash, excluding debt, as it accelerates its plan to focus on more-lucrative oil and natural-gas liquids (NGLs).

** TONIX PHARMACEUTICALS HOLDING CORP, Friday close $13.96, -53.44 pct premarket

The company said its lead pain drug had failed the main goal of a mid-stage study testing if it reduced pain experienced by patients by the 12th week of the trial.   Continued...