BUZZ-U.S. STOCKS ON THE MOVE-Sophiris, Gevo, Mattress Firm
Wall Street opened lower for the second straight day on Friday as oil prices continued to fall, pressuring energy stocks amid investor worries of risks to global economic growth. The Dow Jones industrial average was down 0.68 percent at 17,862.46, the S&P 500 was down 0.78 percent at 2,099.05 and the Nasdaq Composite was down 0.99 percent at 4,909.386.
** GEVO INC, $0.457, -34.71 pct
The chemical and biofuel maker filed for a common stock offering of an undisclosed size, and intends to use net proceeds from the offering to fund working capital and for other general corporate purposes.
** MARVELL TECHNOLOGY GROUP LTD, $9.7, -4.90 pct
The chipmaker said it would not be able to file its 10-Q for the quarter ended April 30 due to an ongoing internal accounting probe. The company also said it expects net revenue for the first quarter to be substantially lower than a year earlier.
** H&R BLOCK INC, $23.1, +7.24 pct Continued...