BUZZ-U.S. STOCKS ON THE MOVE-SunEdison, Alexza, ContraVir, Gevo

Tue Mar 29, 2016 12:38pm 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, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

Wall Street swung into positive territory on Tuesday after U.S. Federal Reserve Chair Janet Yellen said it was appropriate for the Fed to proceed "cautiously" in raising interest rates. The Dow Jones industrial average was up 0.31 percent at 17,589.73, the S&P 500 was up 0.37 percent at 2,044.55.

** SUNEDISON INC, $0.5703, -54.74 pct

The U.S. solar energy company, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday.

** ALEXZA PHARMACEUTICALS INC, $0.5011, -28.41 pct

The company says if it is unable to source additional capital, it may be forced to shut down operations altogether.

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