BUZZ-U.S. Stocks on the Move-Michaels Cos, Glu Mobile, NextEra, GoPro
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U.S. stocks fell slightly on Friday as investors found few reasons to keep buying as economic data painted a mixed picture of economic growth, though equities continued to be viewed as a better deal than other assets. The Dow Jones industrial average was down 0.16 percent at 16,819.23, the S&P 500 was down 0.03 percent at 1,956.63 and the Nasdaq Composite was down 3.73 points, or 0.09 percent, at 4,375.32.
** MICHAELS COS INC, $17.01, +0.06 pct
Shares of the biggest U.S. arts and crafts retailer fell as much as 2.1 percent in their return to the market, valuing the company at about $3.4 billion. The company raised $472.6 million after its offering of 27.8 million shares was priced at the low end of the expected range.
** NEXTERA ENERGY PARTNERS LP, $31.6, +26.40 pct
Shares of the limited partnership, a unit of NextEra Energy Inc, rose as much as 32.8 percent in debut to a high of $33.20, valuing company at about $3.09 billion. The offering of 16.3 million common units priced at $25 each, the higher end of an expected price range, raised about $407.5 million. Continued...