BUZZ-U.S. STOCKS ON THE MOVE-Axovant, Marathon Patent, HealthSouth
(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 higher in afternoon trading on Thursday, helped by strong retail sales data, but gains were limited by news that the International Monetary Fund had broken off debt talks with Greece. The Dow Jones industrial average was up 0.38 percent at 18,068.5, the S&P 500 was up 0.32 percent at 2,111.88 and the Nasdaq Composite was up 0.20 percent at 5,087.012.
** AXOVANT SCIENCES LTD, $28.35, +89.00 pct
The company's IPO of 21 million shares raised $315 million after it was priced at $15 per share, at the top end of its expected range.
** MARATHON PATENT GROUP, $3.3499, -37.39 pct
The patent licensing company said a jury rejected its client Bridgestone Americas Tire Operations LLC's claim that Schrader-Bridgeport International Inc had infringed its patents.
** KRISPY KREME DOUGHNUTS INC, $19.54, +12.30 pct
The doughnut chain reported a higher-than-expected first-quarter profit due to higher gross margins and franchise revenue. Continued...