BUZZ-U.S. STOCKS ON THE MOVE-Shake Shack, Gulf Resources, Books-A-Million
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened lower on Friday, putting major indexes on track for a second straight monthly decline, as data showed U.S. gross domestic product grew less than expected in the last quarter of 2014. The Dow Jones industrial average was down 0.78 percent at 17,281.5, the S&P 500 was down 0.83 percent at 2,004.52 and the Nasdaq Composite was down 0.41 percent at 4,664.161.
** SHAKE SHACK INC, $48.59, +131.38 pct
Shares of gourmet hamburger chain soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion.
** GULF RESOURCES INC, $2.4201, +105.09 pct
The Chinese bromine and chemical product maker finds natural gas resources under its bromine well in Sichuan area.
** BOOKS-A-MILLION INC, $2.4901, +48.40 pct Continued...