BUZZ-U.S. STOCKS ON THE MOVE-Benefitfocus, HP, Wafergen, 500.com
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U.S. stocks were little changed shortly after the open on Wednesday, with the Dow and S&P 500 holding near records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market. The Dow Jones industrial average was down 0.09 percent at 18,193.58, the S&P 500 was down 0.12 percent at 2,112.95 and the Nasdaq Composite was down 0.16 percent at 4,960.38.
** BENEFITFOCUS INC, $34.99, +52.33 pct
The cloud-based software provider said Mercer, a wholly owned subsidiary of Marsh & McLennan Cos, will make a strategic equity investment in the company. Mercer will invest $74.7 million for a 9.9 percent stake in Benefitfocus at $26.50 per share.
** WAFERGEN BIO-SYSTEMS INC, $5.31, +26.13 pct
The genetic analysis provider said a study showed its technology was effective in isolating and studying single cells through gene sequencing.