November 24, 2015 / 4:38 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-XBiotech, airline stocks, Daktronics

5 Min Read

(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. shares weakened in cautious trading on Tuesday as nervous investors sought low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border. The Dow Jones industrial average was down 0.05 percent at 17,784.53, the S&P 500 was down 0.22 percent at 2,082.05 and the Nasdaq Composite was down 0.44 percent at 5,080.19.

** UNI-PIXEL INC, $0.7619, -48.52 pct

The touchscreen sensor maker's shares were down after the company announced an offering of units late on Monday.

** PALO ALTO NETWORKS INC, $179.32, +4.24 pct

The cyber security company forecast current quarter sales that beat market expectations and reported higher-than-expected quarterly revenue as companies and governments spent more to protect themselves from cyber attacks.

** DOLLAR TREE INC, $72.8, +4.67 pct

The discount retailer reported a 38.4 percent drop in quarterly profit, hurt by expenses related to the integration of its Family Dollar acquisition.

** UNITED CONTINENTAL HOLDINGS INC, $56.54, -3.45 pct

** AMERICAN AIRLINES GROUP INC, $40.94, -3.22 pct

** DELTA AIR LINES INC, $46.98, -3.61 pct

** SOUTHWEST AIRLINES CO, $35.63, -3.07 pct

Travel-related companies' stocks were down after the U.S. State Department issued global alert for Americans planning to travel following deadly militant attacks in France and Mali

** XBIOTECH INC, $8.95, -32.45 pct

The drugmaker's shares were on track for a record one-day percentage drop after it said patient data compromised in phase III oncology study and that "study will have reduced statistical power to demonstrate the proposed effect"

** DAKTRONICS INC, $8.05, -20.14 pct

The electronic display system maker reported lower-than-expected second-quarter revenue and profit due to lower sales from its live events business, which includes integrated scoring and video display systems.

** SCHNITZER STEEL INDUSTRIES INC, $15.665, +9.24 pct

Morgan Stanley raised its rating on the steelmaker's stock to "equal-weight" from "underweight" and price target to $21 from $14.

** TECH DATA, $67.355, -11.06 pct

Shares of the technology product distributor fell nearly a fifth to a three-month low after Tech Data missed third-quarter estimates due to a stronger dollar.

** DYCOM INDUSTRIES INC, $85.26, -0.87 pct

The engineering and construction contract services provider reported first-quarter profit and revenue above average analyst estimate as contract revenue jumps 29 percent.

** ANALOG DEVICES INC, $58.92, +3.73 pct

The Apple Inc supplier posted a fourth-quarter profit above average analyst estimate, helped by demand for smartphones and tablets.

** PINNACLE FOODS INC, $41.54, -3.84 pct

** BOULDER BRANDS INC, $10.925, +8.49 pct

Pinnacle Foods said it would buy natural packaged foods maker Boulder Brands for about $710 million to expand its health and wellness categories.

** AEROJET ROCKETDYNE HOLDINGS INC, $18.4, +13.23 pct

Aerojet Rocketdyne on Monday announced contracts from NASA and Boeing Co with a combined value of nearly $1.36 billion, welcome news for the company after several recent financial setbacks.

** BROCADE COMMUNICATIONS SYSTEMS INC, $9.275, -8.08 pct

The network equipment maker provided a weak first-quarter revenue and profit outlook, citing lower router sales within its Storage-Area Network (SAN) and Internet Protocol (IP) networking businesses.

** CDW CORP, $44, -1.92 pct

Top holder Madison Dearborn Partners and No. 5 holder Providence Equity Partners cut their stakes in the IT service provider.

** SUNEDISON INC, $3.24, +8.00 pct

The solar company plans to sell solar power capacity worth about 400 megawatts in India for roughly $350 million, as the U.S.-based firm looks to shed assets to boost balance sheet, said two sources with direct knowledge of the matter.

** MICROSEMI CORP, $34, -6.10 pct

** PMC-SIERRA INC, $11.67, -1.60 pct

** SKYWORKS SOLUTIONS INC, $79.08, +1.75 pct

Chipmaker Microsemi said it would buy PMC-Sierra in a $2.5 billion deal, ending a months-long bidding war with Skyworks Solutions.

** U.S. STEEL INC, $7.81, -2.38 pct

The steel producer's shares were down after Argus analysts said the company could post a bigger loss this year on weak business in its tubular and flat-rolled divisions due to lower oil prices and pricing.

** BARRICK GOLD CORP, $7.22, +1.40 pct

** HARMONY GOLD MINING CO LTD, $0.61, +8.93 pct

** YAMANA GOLD INC $1.94, +5.43 pct

** ENDEAVOUR SILVER CORP $1.455, +5.43 pct

** FIRST MAJESTIC SILVER CORP $3.23, +6.95 pct

U.S.-listed shares of gold miners up as metal prices recover from near six-year lows.

** XEROX CORP, $10.48, -2.51 pct

Activist investor Carl Icahn disclosed a stake in Xerox and called the printer and copier maker's shares "undervalued". (Compiled by Rachel Chitra in Bengaluru; Editing by Maju Samuel)

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