BUZZ-U.S. STOCKS ON THE MOVE-Conn's, Lorillard, GW Pharma, DryShips

Tue Mar 31, 2015 9:25am EDT
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock were poised to open lower on Tuesday, indicating a modest retreat from the previous session's rally, though the S&P 500 remained on track for its ninth straight quarterly rise. Dow Jones industrial average futures were down 0.49 percent at 17,772, S&P 500 futures were down 0.47 percent at 2,065.75 and Nasdaq 100 futures were down 0.33 percent at 4,358.

** CONN'S INC, Monday close $28.67, -2.34 pct premarket

The electronics rent-to-own retailer reported better-than-expected fourth-quarter revenue and said it is actively pursuing the sale of all or part of its loan portfolio or other refinancing of its loan portfolio. The company is also discontinuing sales of video games, digital cameras and certain tablets from year started February, due to higher charge-off rates and lower product margins.

** GW PHARMA PLC, Monday close $88.4, +3.47 pct premarket

The British maker of cannabis-based drugs said it has started the second leg of a mid-stage trial testing Epidiolex to treat Dravet syndrome, a rare, treatment-resistant form of childhood epilepsyelectronics. Data from the trial is expected at end of year and GW expects to submit a marketing application to the FDA in mid-2016. Epidiolex will also undergo late-stage testing to treat Lennox-Gastaut syndrome.

** DRYSHIPS INC, Monday close $0.81, +3.70 pct premarket

The drybulk shipper agreed to sell its four Suezmax tankers for about $245 million through its majority owned subsidiary Ocean Rig UDW Inc. The company also said it has entered into an agreement to potentially sell its six Aframax tankers for about $291 million.