BUZZ-U.S. STOCKS ON THE MOVE-Fogo De Chao, Healthways, LiveDeal

Fri Jun 19, 2015 12:11pm 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,; for the Morning News Call newsletter, Wall Street fell in late morning trading on Friday, a day after a strong rally pushed the Nasdaq Composite index to a record high, but the major indexes were still on track for their strongest weekly performance in about two months. The Dow Jones industrial average was down 0.33 percent at 18,056.89 and the S&P 500 was down 0.31 percent at 2,114.64.

** CONAGRA FOODS INC, $42.54, +8.74 pct

Activist hedge fund Jana Partners LLC took up a 7.2 percent stake; became ConAgra's second-largest shareholder. Jana said it is prepared to nominate directors to help address "persistent underperformance" since ConAgra bought RalCorp in 2013. "(Jana) could accelerate the anticipated change that investors are expecting following the appointment of a new CEO," Bernstein analyst Alexia Howard wrote in a note on Friday, raising price target to $44 from $37. Options flow bullish with July calls at $43 strike busiest with nearly 5,000 contracts traded; similarly bullish flow seen earlier in the week too

** TWITTER INC, $36.12, +4.21 pct

Dick Costolo's decision to step down as Twitter chief executive last week failed to stem the weeks-long slide in the company's shares, but options traders appear to be betting on a near-term rebound.


The drugmaker said a mid-stage study hit statistical endpoint that indicated continuing enrollment not likely to demonstrate an overall therapeutic benefit. The company said data analysis is ongoing and the full results will be made available as soon as possible. Early data on the drug, TKM-Ebola-Guinea, showed it cured all three monkeys intentionally infected with the deadly virus.   Continued...