March 16, 2015 / 12:57 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Life Time Fitness, Netflix

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index e-mini futures were up on Monday: Dow Jones industrial average futures were up 0.54 percent at 17,824, S&P 500 futures were up 0.57 percent at 2,061.5 and Nasdaq 100 futures were up 0.50 percent at 4,330.25.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Friday close $197.43, +1.20 pct premarket

** SALIX PHARMACEUTICALS INC Friday close $169.4, +2.72 pct premarket

** ENDO INTERNATIONAL PLC $87.33, +0.89 pct premarket

Valeant Pharmaceuticals said it increased its offer for Salix to $173 per share, hoping to end a bidding war with Endo International for the bowel drug maker.

** LIFE TIME FITNESS INC, Friday close $67.2, +5.21 pct premarket

The gym operator said it would be taken private by Leonard Green & Partners and TPG in a deal valued over $4 billion. The $72.10 per-share deal represents a 7.3 percent premium to Life Time’s Friday close.

** NETFLIX INC, Friday close $438.4, -1.76 pct premarket

Evercore ISI cut its rating on the streaming video service provider to “sell” from “hold” and lowered the price target to $380 from $450, citing strengthening competition and need for investments.

** DUPONT, Friday close $80.5, -2.47 pct premarket

BofA Merrill Lynch downgraded the chemical company to “underperform” from “buy”, citing headwinds in agriculture and chemicals business against the backdrop of a strong dollar.

** MICROVISION INC, Friday close $2.74, +15.33 pct premarket

Laser projector maker said it received a $14.5 million order from a Fortune global 100 client. The company plans to start shipments in second half of 2015.

** IDREAMSKY TECHNOLOGY LTD, Friday close $10.82, -17.01 pct premarket

The Chinese mobile game distributor estimated fourth-quarter revenue of $52.7 million-$53 million, below its forecast of $62.9 million-$66.1 million, citing delay in launching a game and less-than-expected revenue from another game.

** CTI BIOPHARMA CORP, Friday close $1.97, +5.58 pct premarket

The drugmaker said about 31 percent of patients who qualified for evaluation in a mid-stage trial of its blood cancer drug, pacritinib, had their spleen size reduced at least 35 percent. The study results were published in the journal Blood.

** TESLA MOTORS INC, Friday close $188.68, +1.19 pct premarket

The electric car maker will present a software update to its Model S vehicle at a news conference on Thursday that is designed to quell fears that drivers will run out of power for their cars, Chief Executive Elon Musk said on Sunday.

** ROYAL DUTCH SHELL, Friday close $57.26, +0.42 pct premarket

Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices although it is still seeking an exploration license for the onshore Karoo Basin, its country manager said on Monday.

** HANESBRANDS INC, Friday close $32.61, +3.04 pct premarket

** AVON PRODUCTS INC, Friday close $7.72

Hanesbrands will replace Avon in the S&P 500 after the close on March 20, S&P Dow Jones Indices said on Friday.

** SOTHEBY’S, Friday close $40.53

** MADISON SQUARE GARDEN CO , Friday close $78.195

The auction house appointed Madison Square Garden Chief Executive Tad Smith its Chief Executive Officer, replacing William Ruprecht, its chief since 2000.

Compiled by Kshitiz Goliya; Editing by Sriraj Kalluvila

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