BUZZ-US Stocks on the Move-Bluebird Bio, Yahoo, Achillion, DreamWorks

Mon Jun 16, 2014 12:08pm EDT
 
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(For faster updates on individual market-movers, use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks were little changed on Monday, as caution caused by turmoil in Iraq was countered by a flurry of merger activity. The Dow Jones industrial average was down 0.24 percent at 16,735.71, and the S&P 500 was down 0.17 percent at 1,932.93.

** BLUEBIRD BIO INC, $34.9, +33.77 pct

The drug developer reported positive data from an early-stage trial of its experimental gene therapy. Bluebird said the first two patients in trial did not require further cell transfusion within two weeks of a transplant with Bluebird's gene therapy, which aims to treat a blood disorder.

** YAHOO INC, $35.03, -5.17 pct

The U.S. internet company's shares were trading lower after Chinese e-commerce company Alibaba Group Holding Ltd IPO-ALIB.N said its revenue growth slowed for the year ended March 31. Yahoo has a 22.5 percent stake in Alibaba.   Continued...