BUZZ-U.S. STOCKS ON THE MOVE-Heartware, Ariad, Vera Bradley, Isle of Capri

Wed Sep 2, 2015 11:26am EDT
 
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(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 rose more than 1 percent in early trading on Wednesday, rebounding from steep losses a day earlier, after fresh intervention from China to support its markets helped ease a global equities selloff. The Dow Jones industrial average was up 1.05 percent at 16,227.05, the S&P 500 was up 0.89 percent at 1,930.92 and the Nasdaq Composite was up 1.18 percent at 4,690.958.

** HEARTWARE INTERNATIONAL INC, $66.76, -18.40 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.

** ARIAD PHARMACEUTICALS INC, $7.53, -17.21 pct

Baxalta Inc, recently spun off from from Baxter International Inc, has abandoned its pursuit of Ariad, Bloomberg reported.

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