(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 flat on Monday after three straight days of gains, as the corporate earnings season was poised to kick into high gear with a slew of reports this week. The Dow Jones industrial average was up 0.19 percent at 18,091.82 and the S&P 500 was up 0.18 percent at 2,105.74.
** BUILDERS FIRSTSOURCE INC, $10.9401, +58.55 pct
The building products supplier said it will buy privately held ProBuild Holdings LLC for $1.63 billion in cash.
** ORAMED PHARMACEUTICALS INC, $7.3756, +18.39 pct
MLV & Co analyst Raghuram Selvaraju assumed coverage on the Israel-based drug developer’s stock with a “buy” rating and raised price target to $30 from $27.
** ARCA BIOPHARMA INC, $1.03, +22.63 pct
The drug developer said its experimental heart drug, Gencaro, got “fast track” status from the U.S. Food and Drug Administration.
** ALAMOS GOLD INC, $6.35, +7.81 pct
** AURICO GOLD INC, $3.26, +9.03 pct
Canadian gold miners Alamos and AuRico said they would merge in a deal valued at about $1.5 billion, combining high-yield assets such as the Mulatos mine in Mexico and the Young-Davidson mine in Ontario, Canada.
** CLOVIS ONCOLOGY INC, $86.07, +11.20 pct
Analysts at Goldman Sachs upgraded the cancer drug developer’s stock to “buy” from “neutral” and also raised their price target to $117 from $68.
** AETERNA ZENTARIS INC, $0.54, +4.83 pct
The Canadian drug developer said it plans to conduct a confirmatory study on hormone deficiency drug-test after meeting with the U.S. Food and Drug Administration.
** ASCENT SOLAR TECHNOLOGIES INC, $1.0199, +7.36 pct
The solar module maker said it had started supplying panels and other products for Silent Falcon UAS Techonologies’ unmanned solar-powered aircraft.
** ARROWHEAD RESEARCH CORP, $8.27, +4.55 pct
The drug developer said the U.S. Food and Drug Administration has allowed it to begin a multiple-dose mid-stage study on its hepatitis B drug, ARC-520.
** NETFLIX INC, $473.9499, +4.26 pct
Analysts at UBS upgraded the streaming video service provider’s stock to “buy” from “neutral”.
** SYMANTEC CORP, $24.84, -2.89 pct
The security software maker has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said.
** SINA CORP, $35.5, -5.36 pct
China will punish the web portal and social media firm after it was identified as operating the most complained about major website in the country, the Internet regulator said on Friday, the latest blow in an ongoing online crackdown. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)