MARKET PULSE-GrubHub, Opower, Halozyme, Aetrium, Mylan, IMS Health

Fri Apr 4, 2014 10:47am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks advanced slightly on Friday, pulling back after the S&P 500 earlier scaled a fresh high, as the March payrolls report suggested the economy may be gaining momentum. The Dow Jones industrial average was up 0.25 percent at 16,613.22, the S&P 500 was up 0.29 percent at 1,894.18 and the Nasdaq Composite was down 0.32 percent at 4,224.201.

** GRUBHUB INC, $38.9, +49.62 pct

Shares of the biggest U.S. online food delivery services company rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company.

The stock opened at $40 and touched a high of $40.80, valuing the company at about $3.20 billion.

** OPOWER INC, $24.1, +26.84 pct

Shares of Opower, a provider of cloud-based software to the utility industry, opened at $25 on its market debut, above initial public offering price of $19.   Continued...