BUZZ-U.S. STOCKS ON THE MOVE-Ocular Therapeutix, Garmin, Shopify

Wed Feb 17, 2016 11:08am EST
 
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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 opened higher on Wednesday, on track for their third straight day of gains, as oil prices held on to their gains. The Dow Jones industrial average was up 1.30 percent at 16,407.68, the S&P 500 was up 1.48 percent at 1,923.65 and the Nasdaq Composite was up 1.84 percent at 4,517.586.

** KINDER MORGAN INC, $17.31, +10.82 pct

Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in the pipeline operator of about 26.53 million shares worth roughly $395.9 million at year end, while Leon Cooperman's Omega Advisors sold its entire stake of more than 713,000 shares.

David Tepper's Appaloosa Management hedge fund snapped up 9.4 million shares of Kinder Morgan, while Soros Fund Management took a small stake of 50,700 shares.

** FREEPORT MCMORAN INC, $7.49, +17.58 pct

** CHENIERE ENERGY INC, $28.12, +5.79 pct

Activist investor Carl Icahn increased his stake in Freeport McMoRan by 4 million shares to 104 million class B shares over the quarter and increased his stake in beaten-down liquefied natural gas company Cheniere by nearly 31,000 shares compared to a filing in early December.

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