March 13, 2013 / 1:52 PM / in 5 years

MARKET PULSE-Spectrum Pharma, Eagle Rock, Dole Food, Mellanox

March 13 (Reuters) - Some U.S. stocks on the move on Wednesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter; for the Morning News Call newsletter,


Wall Street started Wednesday little changed after enthusiasim over surprisingly strong retail sales was tempered somewhat by investors taking a pause after the recent rally. The Dow Jones industrial average edged up 4.03 points, or 0.03 percent, the Standard & Poor’s 500 Index added 0.29 points, or 0.02 percent, and the Nasdaq Composite Index was off 0.39 points, or 0.01 percent.

** SPECTRUM PHARMACEUTICALS, $7.85, down 37 pct (0946 ET)

The company forecast a steep drop in full-year sales as it expects uptake of its biggest-selling product, colon cancer drug Fusilev, to significantly decline as cheaper generics re-enter the market.

** VELTI PLC, $2.21, down 30 pct (0946 ET)

The mobile marketing company reported a fourth-quarter profit well below analysts’ expectations on Tuesday, and said it had decided to forego a “significant amount” of additional business in Greece, the Balkan and other regions. It also said it expected to cut its capital expenditure by more than half.

** EXPRESS INC, $17.03, down 10 pct (0945 ET)

The apparel and accessories retailer reported stronger-than-expected fourth-quarter results, but said it was off to a slow start in the current quarter.

** BG MEDICINE INC, $2.02, up 11 pct (0945 ET)

The diagnostic test maker reported a smaller-than-expected fourth-quarter loss, helped by higher revenue from Galectin-3 - its blood test for use in patients with chronic heart failure.

** MELLANOX TECHNOLOGIES, $61.62, down 6 pct (0944 ET)

A vice president and a director at the Israeli chip designer disclosed that they had sold shares of the company.

** ASM INTERNATIONAL NV, $34.95, down 13 pct (0943 ET)

The Dutch semiconductor equipment maker is selling a smaller-than-expected stake in its Hong Kong-listed unit, disappointing investors who had hoped a break-up of the firm might create more value for shareholders.


The defense contractor forecast 2013 revenue below analysts’ expectations, citing uncertainty due to U.S. budget cuts.

** NATIONAL FINANCIAL PARTNERS, $22.87, up 14 pct (0941 ET)

The New York-based wealth management company headed by Sandy Weill’s daughter Jessica Bibliowicz is exploring a potential sale, according to three people familiar with the matter.

** DOLE FOOD CO INC, $11.15, down 5 pct (0939 ET)

The fruit and fresh vegetable distributor reported fourth-quarter results that missed market estimates due to challenging banana market conditions and one-time charges.

** EAGLE ROCK ENERGY PARTNERS LP, $9.31, down 3 pct (0939 ET)

The company, which transports natural gas and associated liquids, said it would sell 8 million common units and use the proceeds to repay a portion of its debt.

** GENMARK DIAGNOSTICS INC, $11.72, up 6 pct (0939 ET)

The company reported a smaller-than-expected fourth-quarter loss, helped by higher sales of its molecular diagnostic tests. (Compiled by Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal)

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