BUZZ-U.S. Stocks on the Move-Athlon, Tonix, Einstein Noah, Endologix
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U.S. stocks were lower on Monday, but major indexes were off their lows of the day as investors once again used market weakness as a chance to add to positions. The Dow Jones industrial average was down 0.47 percent at 17,032.2 and the S&P 500 was down 0.45 percent at 1,973.92.
** AMBIT BIOSCIENCES CORP, $15.24, +85.85 pct
Japanese drugmaker Daiichi Sankyo Co Ltd has agreed to acquire U.S. biopharmaceutical company Ambit in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said.
** TONIX PHARMACEUTICALS HOLDING CORP, $6.84, -51.00 pct
The company said its lead drug for pain management failed the main goal of a mid-stage study.