BUZZ-U.S. STOCKS ON THE MOVE-Sage Therapeutics, Lululemon, Avid
(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 were mixed in late morning trading on Tuesday, following three straight days of decline, as another batch of strong economic data gave weight to views that the U.S. Federal Reserve could raise interest rates in September. The Dow Jones industrial average was up 0.13 percent at 17,789.17, the S&P 500 was up 0.16 percent at 2,082.65 and the Nasdaq Composite was down 0.02 percent at 5,020.48.
** SAGE THERAPEUTICS INC, $83.7, +11.38 pct
The drug developer says its experimental injection, SAGE-547, was found effective in early studies in treating all four women with postpartum depression - a type of depressive disorder estimated to affect up to 20 percent of women after childbirth.
Leerink Swann raised its price target on the stock to $107 from $93.
** BURLINGTON STORES INC, $49.19, -8.72 pct
The off-price retailer reported quarterly same-store sales well below analysts estimates and said it will pay at least $9 per hour to full time-employees and part-time employees with at least six months of service.
** LULULEMON ATHLETICA INC, $67.2784, +9.36 pct Continued...