BUZZ-U.S. STOCKS ON THE MOVE-Nike, Celladon, Micron Tech, GigaMedia

Fri Jun 26, 2015 9:36am 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, U.S. stocks were mixed at the open on Friday ahead of a Eurogroup meeting about extending Greece's bailout program. The Dow Jones industrial average was up 0.31 percent at 17,946.05, the S&P 500 was up 0.04 percent at 2,103.16 and the Nasdaq Composite was down 0.15 percent at 5,104.74.

** NIKE INC, $109.5, +4.07 pct

The world's largest footwear maker reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in growth of "futures orders".

At least 11 brokerages raised price targets after the company also raised its full-year currency-neutral sales forecast.

** CELLADON CORP, $1.27, -42.27 pct

The drug developer said it would suspend further development of its gene-therapy drug for heart failure, months after the treatment failed a mid-stage trial.

** MICRON TECHNOLOGY INC, $20.155, -16.09 pct   Continued...