BUZZ-U.S. STOCKS ON THE MOVE-Box, LeapFrog, Ocwen, Trulia, Viggle
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U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. The Dow Jones industrial average was down 0.25 percent at 17,769.44, the S&P 500 was down 0.21 percent at 2,058.9 and the Nasdaq Composite was up 0.25 percent at 4,762.26.
** BOX INC, $23.73, +69.50 pct
The online data storage provider Offering raises $175 mln, up to $201 mln if full overallotment is exercised. Bookrunners Morgan Stanley, Credit Suisse and JP Morgan communicated to investors deal north of 20x subscribed, more than 500 accounts in order book, about half the shares allocated to top 10 accounts. Public filing discloses existing shareholder Coatue Management may purchase up to 1.25 mln shares, 10 pct of offering, at IPO price.
** LEAPFROG ENTERPRISES, $2.7, -30.77 pct
The educational tablet maker said late on Thursday it will not achieve full-year forecast as holiday sales were significantly below expectations.
"Given the disappointing launch of the LeapTV and continued declines in the LeapPad business, visibility into future growth is very limited," Monness, Crespi, Hardt analyst Jim Chartier wrote in note, downgrading the stock to "neutral" from "buy". CRT Capital cut price target to $3 from $5.
** ARRAY BIOPHARMA, $6.95, +37.62 pct Continued...