BUZZ-U.S. STOCKS ON THE MOVE-Sorrento, Shake Shack, El Pollo Loco
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U.S. stock indexes were little changed on Friday as U.S. industrial production fell for a fifth straight month in April, pointing to a lack of momentum in the economy. The Dow Jones industrial average was down 0.04 percent at 18,245.43, the S&P 500 was down 0.03 percent at 2,120.51 and the Nasdaq Composite was down 0.07 percent at 5,047.479.
** KING DIGITAL ENTERTAINMENT PLC, $14.45, -3.60 pct
The creator of "Candy Crush Saga" said it expected changes in foreign currency and a lack of new releases to hurt its gross bookings for the current quarter.
** SORRENTO THERAPEUTICS INC, $13.3, +15.65 pct
The drug developer said privately held NantWorks LLC had agreed to acquire its unit, Igdrasol Inc, to acquire the rights to cancer drug Cynviloq for about $90 million upfront.