BUZZ-U.S. STOCKS ON THE MOVE-DragonWave, ContraVir, Vince Holding, InterOil
(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 rose on Wednesday, a day after Federal Reserve Chair Janet Yellen's comments eased some concerns about the path of interest rate hikes, but gains were limited by a dip in crude oil prices. The Dow Jones industrial average was up 0.38 percent at 17,699.58, the S&P 500 was up 0.34 percent at 2,061.95.
** DRAGONWAVE INC, $3.4499, +41.39 pct
The company opened online store to streamline ordering and delivery of parts and accessories for maintenance of networks using its microwave radios. DragonWave also said it is partnering with Mitel Networks Corp to develop a 5G network project.
** CONTRAVIR PHARMACEUTICALS INC, $1.26, -24.55 pct
The company priced public offering of up to 4.9 mln common shares and warrants to purchase up to 2.5 mln common shares at combined price of $1.42. The price represents a discount of about 14 pct to Tuesday's close, until when company had 27.3 mln shares outstanding. Continued...