BUZZ-U.S. STOCKS ON THE MOVE-Nike, Tempur Sealy, Anavex, BlackBerry

Wed Sep 28, 2016 8:34am 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) U.S. stock index futures were little changed on Wednesday as investors awaited Federal Reserve Chair Janet Yellen's testimony before a Congressional Committee. Dow Jones industrial average futures were up 0.08 percent at 18,153, S&P 500 futures were up 0.06 percent at 2,154 and Nasdaq 100 futures were up 0.09 percent at 4,865.

** NIKE INC, Tuesday close $55.34, -2.69 pct premarket

At least six brokerages cut their price targets on the sportswear and footwear maker's stock as future orders missed analysts' estimates for the third time in a row.

** TEMPUR SEALY INTERNATIONAL INC, Tuesday close $74.45, -21.56 pct premarket

** SELECT COMFORT CORP, Tuesday close $25.12, -7.68 pct premarket

Tempur Sealy said it expected a 1-3 percent fall in full-year revenue, compared with a year earlier, and cut its adjusted EBITDA forecast.

** ORIGIN AGRITECH LTD, Tuesday close $2.33, +47.64 pct premarket

The agricultural biotechnology company said on Tuesday that it would sell its China-based commercial corn seed production and distribution unit for about $60 mln to Beijing Shihui Agricultural Development Co Ltd.   Continued...