BUZZ-U.S. STOCKS ON THE MOVE-Shopify, Lumber Liquidators, IntelliPharmaCeutics
(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. stocks moved higher in morning trading on Thursday as investors shrugged off fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June. The Dow Jones industrial average was up 0.07 percent at 18,298.48 and the S&P 500 was up 0.26 percent at 2,131.35.
** SHOPIFY INC, $25.38, +49.29 pct
Shares of the Canadian e-commerce software maker rose as much as 69 percent in their market debut on the New York Stock Exchange, valuing the company at $2.14 billion.
** LUMBER LIQUIDATORS HOLDINGS INC, $21.52, -14.84 pct
Lumber Liquidators said Chief Executive Robert Lynch had resigned unexpectedly, even as the company continues to face fire over reports that it sourced flooring laminates with excessive levels of a known carcinogen.
** AMPIO PHARMACEUTICALS INC, $2.49, +22.66 pct Continued...