BUZZ-U.S. STOCKS ON THE MOVE-Fogo De Chao, Healthways, Celyad
(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 down in early afternoon 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 0.31 percent at 18,060.16 and the S&P 500 was down 0.26 percent at 2,115.66.
** AIRMEDIA GROUP INC, $5.05, +43.47 pct
The digital advertising service provider received a buyout offer for $6 per ADS from a group led by CEO Herman Man Guo. The offer is at a hefty 70.5 percent premium to the stock's Thursday close and values the company at $359.8 million based on outstanding shares as of March 31.
** FOGO DE CHAO INC, $25.7599, +28.80 pct
The Brazilian steak house chain's stock rose as much as 33 percent in its debut, valuing the company at about $723.3 million. The company's offering of 4.4 million shares raised $88.2 million after they were priced at $20 per share, above the expected price range of $16-$18.
** HEALTHWAYS INC, $12.38, -20.28 pct Continued...