MARKET PULSE-Mobile Iron, Soufun, Sunesis, Vitesse, Zhaopin

Thu Jun 12, 2014 12:13pm EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter NOTE: Reuters is converting some short-form coverage of hot stocks, including Market Pulse, into the new Stocks Buzz product. From June 16, items that were previously published only as a compilation will be published as standalone items featuring the BUZZ tag. They will also be accessible via the STXBZ news code. A collated version will continue to appear on the WATCH/US named-item code under the headline "BUZZ-U.S. stocks on the move".


U.S. stocks fell on Thursday after a round of disappointing economic data on consumers and the labor market, though energy shares were sharply higher as the price of crude oil spiked. The Dow Jones industrial average was down 0.34 percent at 16,787.2, the S&P 500 was down 0.35 percent at 1,937.15 and the Nasdaq Composite was down 9.19 points, or 0.21 percent, at 4,322.75.

** RAMBUS INC, $13.93, +7.15 pct

At least three brokerages raised their price targets on the memory and security product maker's stock after Rambus entered into a patent license agreement with Qualcomm Global Trading Pte Ltd, giving parent Qualcomm Inc and its units access to patented memory, interface, and security technologies from Rambus.

Rambus also raised its second-quarter revenue forecast.