BUZZ-U.S. STOCKS ON THE MOVE-Yum Brands, Sorrento, Paycom Software
(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 indexes were down slightly 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 0.13 percent at 18,228.98, the S&P 500 was down 0.15 percent at 2,117.85 and the Nasdaq Composite was down 0.21 percent at 5,040.279.
** KING DIGITAL ENTERTAINMENT PLC, $14.63, -2.40 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, $12.8, +11.30 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.