REFILE-BUZZ-U.S. STOCKS ON THE MOVE-Virgin America, Ruckus, SunEdison

Mon Apr 4, 2016 1:33pm EDT
 
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(Corrects link in Natus Medical Inc item)

U.S. stocks were largely unchanged on Monday in muted trading as investors took a breather from a recent rally that helped indexes recover from a selloff at the start of the year. The Dow Jones industrial average was down 0.02 percent at 17,788.54, the S&P 500 was down 0.06 percent at 2,071.55 and the Nasdaq Composite was down 0.02 percent at 4,913.505.

** VIRGIN AMERICA INC, $55.35, +42.29 pct

** ALASKA AIR GROUP INC, $77.89, -5.02 pct

U.S. airline Alaska Air Group said it had agreed to buy Virgin America for $2.6 billion to expand its presence on the U.S. West Coast. Alaska's offer of $57 per share in cash represents a premium of about 47 percent to Virgin's Friday's close.

** TESLA MOTORS INC, $250.582, +5.47 pct

The electric car maker said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more.   Continued...