May 28, 2015 / 12:28 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Abercrombie & Fitch, RXI Pharma, Sanderson Farms

(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 futures were lower on Thursday, weighed down by concerns about Greece's ability to strike a deal with its creditors. Dow Jones industrial average futures were down 0.30 percent at 18,087, S&P 500 futures were down 0.22 percent at 2,116.25 and Nasdaq 100 futures were down 0.18 percent at 4,534.

** RXI PHARMACEUTICALS CORP, Wednesday close $0.455, -16.48 pct premarket

The biotech company offered about 26 mln units and priced it at 40 cents a piece for net proceeds of about $9.3 mln

** ABERCROMBIE & FITCH CO, Wednesday close $19.65, +5.09 pct premarket

The teen apparel retailer reported a 14 percent fall in quarterly sales due to weak demand, a strong dollar, and higher discounts.

** SANDERSON FARMS INC, Wednesday close $84.5, -2.84 pct premarket

The third-largest U.S. poultry producer reported an 8.5 pct rise in quarterly net sales, helped by higher demand for chicken from its food service customers such as restaurants.

** JINKOSOLAR HOLDING CO LTD, Wednesday close $28.4

The Chinese solar panel maker’s first-quarter net income attributable jumped to $8.2 mln from $1.5 mln, helped by higher revenue from its solar power plants business. Revenue rose nearly 37 pct to $443.5 mln.

** GENERAL MOTORS CO, Wednesday close $35.81, +1.20 pct premarket

A U.S. bankruptcy judge on Wednesday put on hold dozens of lawsuits accusing the carmaker of concealing an ignition-switch defect while plaintiffs in those cases appeal an earlier ruling that found their cases were barred.

** SEMTECH CORP, Wednesday close $24.62, -9.02 pct premarket

B Riley downgraded the semiconductor maker’s stock to “sell”, according to, and cut its price target to $21 from $26.

** WESTERN DIGITAL CORP, Wednesday close $94.37, +1.64 pct premarket

Goldman Sachs upgraded the data storage company’s stock “buy” from “neutral” and raised its price target to $122 from $106. Its analysts said they believe the company’s current valuation doesn’t fully recognize that its business model was benefiting from non-PC growth.

** SEADRILL LTD, Wednesday close $12.73, -2.20 pct premarket

The world’s second-biggest offshore oil driller, predicted years of pain for the global rig market as energy companies continue to pare spending despite a recent lift in oil prices.

** COSTCO WHOLESALE CORP, Wednesday close $145.42, -2.28 pct premarket

The warehouse club operator reported a decline in quarterly comparable sales and lower-than-expected sales, hurt by gasoline price deflation and a stronger dollar that reduced value of sales from overseas markets.

** AVAGO TECHNOLOGIES LTD, Wednesday close $141.49, +3.97 pct premarket

** BROADCOM CORP, Wednesday close $57.155, -0.71 pct premarket

Avago Technologies said it would buy fellow chipmaker Broadcom in a cash-and-stock deal valued at $37 billion.

** TEVA PHARMACEUTICAL INDUSTRIES LTD.N>, Wednesday close $60.7, -0.23 pct premarket

** MYLAN NV, Wednesday close $72.04, +1.33 pct premarket

Teva Pharmaceutical disclosed a 1.35 percent interest in Mylan, saying the purchase underscored its commitment to buy Mylan as soon as possible.

** YAHOO INC, Wednesday close $43.38, -0.65 pct premarket

A U.S. judge ordered Yahoo to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail subscribers from non-Yahoo Mail accounts, and using the information to boost advertising revenue.

** ALIBABA GROUP HOLDING LTD, Wednesday close $92.6, -0.85 pct premarket

The logistics arm of the Chinese e-commerce giant was lining up a major warehouse expansion to streamline deliveries across the nation, devoting a large slice of long-term $16 billion investment plans to adding new space.

** ACTAVIS PLC, Wednesday close $306.79, +0.19 pct premarket

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Wednesday close $239.12, +2.25 pct premarket

U.S. health regulators approved new irritable bowel syndrome drugs from Actavis and Valeant on Wednesday, validating big investments both companies made to acquire the products.

** FORD MOTOR CO, Wednesday close $15.32, -0.26 pct premarket

The carmaker said it would give other automakers access to its electrified vehicle technologies for a fee to accelerate research and development of such vehicles.

** CANADIAN IMPERIAL BANK OF COMMERCE, Wednesday close $76.24, -0.05 pct premarket

Canada’s fifth-largest lender reported a better-than-expected quarterly profit on Thursday, boosted by a buoyant Canadian capital market, and it joined other banks in raising dividend.

** VISA INC, Wednesday close $69.49, -0.35 pct premarket

Visa has told Fifa it could end its sponsorship of soccer’s world governing body if it does not act fast to restore the reputation of the game after senior officials were arrested on bribery and corruption charges.

** JPMORGAN CHASE & CO, Wednesday close $66.47, -0.42 pct premarket

JPMorgan Chase officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareholders disapproved last week of his pay and the practice of one person holding his two jobs. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Joyjeet Das)

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