BUZZ-U.S. STOCKS ON THE MOVE-Heartware, Vera Bradley, Digital Ally
(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 up almost 1 percent on Wednesday, rebounding from steep losses a day earlier, after fresh intervention from China to support its markets helped calm jittery investors and oil prices reversed course to trade higher. The Dow Jones industrial average was up 1.16 percent at 16,244.6, the S&P 500 was up 1.02 percent at 1,933.44 and the Nasdaq Composite was up 1.14 percent at 4,688.788.
** HEARTWARE INTERNATIONAL INC, $67.5005, -17.49 pct
The medical device maker says it will buy heart device maker Valtech Cardio
Raymond James, BTIG Research cut ratings on HeartWare stock, while Sterne Agee CRT and Piper Jaffray cut price target. "We sense investors would have preferred focus on near-term results and maybe being acquired rather than starting new trials," BTIG analysts write.
** AMBARELLA INC, $77.37, -13.66 pct
** GOPRO INC, $39.9242, -8.62 pct
Ambarella, a video processing chipmaker, forecast third quarter revenue of $90 mln-$93 mln, largely below analysts' average estimate of $92.3 mln. Continued...