BUZZ-U.S. STOCKS ON THE MOVE-Celladon, hhgregg, Darling Ingredients

Fri May 15, 2015 2:02pm EDT
 
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U.S. stock indexes were down slightly on Friday as weak economic data pointed to a lack of momentum in the economy, a day after the S&P 500 closed at a record high. The Dow Jones industrial average was down 0.09 percent at 18,235.52, the S&P 500 was down 0.09 percent at 2,119.11 and the Nasdaq Composite was down 0.23 percent at 5,039.181.

** SORRENTO THERAPEUTICS INC, $13.08, +13.74 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.

** SHAKE SHACK INC, $71.24, +8.76 pct

JP Morgan and Barclays raised their price targets on the hamburger chain operator's stock after the company reported a surprise first-quarter profit on Wednesday.

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