BUZZ-U.S. STOCKS ON THE MOVE-Covisint, Bruker, Booz Allen, Open Text
(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 in afternoon trading on Thursday, with the S&P 500 just shy of its record high and the Nasdaq crossing its record close, as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. The Dow Jones industrial average was up 0.02 percent at 18,289.17 and the S&P 500 was up 0.20 percent at 2,130.12.
** SHOPIFY INC, $26.25, +54.41 pct
Shares of the Canadian e-commerce software maker rose as much as 69 percent in their market debut on the New York Stock Exchange, valuing the company at $2.14 billion.
** INTELLIPHARMACEUTICS INTERNATIONAL INC, $3.2, +18.08 pct
The Canadian drugmaker says the U.S. FDA does not need it to conduct late-stage of its abuse-deterrent opioid painkiller if it can demonstrate bioequivalence between the drug, Rexista Oxycodone XR, and the commonly used painkiller Oxycontin.
** COVISINT CORP, $2.3876, +17.62 pct Continued...