BUZZ-U.S. STOCKS ON THE MOVE-Aerie Pharma, Oracle, Rite Aid

Thu Sep 17, 2015 7:46am 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. stock index e-mini futures were lower on Thursday ahead of the Federal Reserve's interest rate decision: Dow Jones industrial average futures were down 0.14 percent at 16,742, S&P 500 futures were down 0.18 percent at 1,994.75 and Nasdaq 100 futures were down 0.11 percent at 4,386.75.

** AERIE PHARMACEUTICALS INC, Wednesday close $18, +90.28 pct premarket

The drugmaker said on Wednesday its experimental eye drop met the main goal of a late-stage study. The drug, Rhopressa, showed that it was not inferior to a commonly prescribed treatment, timolol, in reducing pressure inside the eye in patients suffering from glaucoma, or ocular hypertension, the company said.

At least five brokerages raised their price targets by as much as $18 to as high as $49.

** CABLEVISION SYSTEMS CORP, Wednesday close $28.54, +16.64 pct premarket

European telecoms group Altice has agreed to buy the fourth-largest U.S. cable TV operator for a mix of cash and shares in a deal worth $17.7 billion, including debt.   Continued...