BUZZ-U.S. STOCKS ON THE MOVE-Biocept, Ctrip, Knot, Semtech, Xoma

Thu May 28, 2015 10:14am EDT
 
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(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 opened lower on Thursday on worries about the possibility of a Greek default and an unexpected rise in weekly jobless claims. The Dow Jones industrial average was down 0.34 percent at 18,101.86, the S&P 500 was down 0.33 percent at 2,116.48 and the Nasdaq Composite was down 7.06 points, or 0.14 percent, to 5,099.53.

** XOMA CORP, $3.41, +2.71 pct

The drug developer said an experimental drug for treating inflammation showed benefit in a late-stage trial, compared with the standard of care. The company said its development partner Servier would now analyze the data, with results of the main goal expected in seven weeks.

** KNOT OFFSHORE PARTNERS LP, $23.44, -5.33 pct

The tanker operator reported an offering of 5 million common units priced at $23.76 each, representing a 4 percent discount to the stock's Wednesday close. The offering size was 22.3 percent of Knot Offshore's total outstanding shares as of Dec. 30.

The company also said its unit would acquire Knot Shuttle Tankers 21 AS, which owns shuttle tanker Dan Sabia, from Knutsen NYK Offshore Tankers AS for $103 million.

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