BUZZ-U.S. STOCKS ON THE MOVE-Cree, Winnebago, Venaxis, Magnum Hunter
(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 higher on Thursday as data on rising consumer spending and tightening labor market pointed to a recovery in the economy. The Dow Jones industrial average was up 0.15 percent at 17,992.29, the S&P 500 was up 0.12 percent at 2,111.03 and the Nasdaq Composite was up 0.12 percent at 5,128.
** CLEVELAND BIOLABS INC, $5.5, +94.35 pct
The drug developer signed a private placement agreement with David Davidovich, a venture capital investor, for sale of 6.4 million common shares at $3.87/share for $25 million.
** MAGNUM HUNTER RESOURCES CORP, $2.12, +21.14 pct
The oil and natural gas producer said it expected to raise $600-$700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings.