BUZZ-U.S. STOCKS ON THE MOVE-Coherus, Chesapeake, airline stocks
(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 futures pointed to a lower open on Wednesday as a weaker-than-expected report on private sector employment raised concerns that Friday's impending jobs report could also point to worsening conditions in the labor market. Dow Jones industrial average e-mini futures were down 0.16 percent at 17,675, S&P 500 futures were down 0.18 percent at 2,057 and Nasdaq 100 futures were down 0.11 percent at 4,324.75.
** COHERUS BIOSCIENCES INC, Tuesday close $30.58, -3.04 pct premarket
The biotech company priced its offering of 4.1 million shares at $29 each, a 5 pct discount to stock's Tuesday close. The upsized $120 million offering represents 12 percent of the company's outstanding shares as of Feb. 28.
** CHESAPEAKE ENERGY CORP, Tuesday close $14.16, +2.40 pct premarket
The oil and gas producer's Chairman Dunham Archie bought 1 million shares at $13.98 per share on March 27, according to a regulatory filing on Tuesday. The purchase price represents a 1.3 percent discount to the stock's Tuesday close. After the purchase, Archie holds 2.6 million shares of the company.
** AMERICAN AIRLINES GROUP INC, Tuesday close $52.78, -2.08 pct premarket Continued...