BUZZ-U.S. Stocks on the Move-Dendreon, Gogo, Transocean, Gilead Sciences

Mon Nov 10, 2014 8:16am EST
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stock index e-mini futures rose slightly on Monday: Dow Jones industrial average futures were up 0.10 percent at 17,519, S&P 500 futures were up 0.12 percent at 2,028.5 and Nasdaq 100 futures were up 0.25 percent at 4,161.25.

** J.C. PENNEY CO INC, Friday close $7.82, -1.02 pct premarket

A shortfall in projected sales growth for the century-old retailer could drive the stock down 35 percent, according to the Nov. 10 edition of Barron's, which notes the company's chances of reaching its long-term financial goals look slim.

** DENDREON CORP, Friday close $0.9421, -68.16 pct premarket

The biotechnology company filed for chapter 11 bankruptcy protection on Monday and said it had reached agreements on the terms of a financial restructuring with certain bond holders.

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