BUZZ-U.S. STOCKS ON THE MOVE-Box, LeapFrog, Ocwen, Trulia, Viggle

Fri Jan 23, 2015 1:23pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

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...