November 23, 2015 / 6:19 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-KaloBios, Electronic Arts, TransAlta

(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 indexes held onto meager gains in lackluster early-afternoon trading on Monday in the run-up to Thursday's Thanksgiving holiday. The Dow Jones industrial average was down 0.03 percent at 17,818.74, the S&P 500 was up 0.14 percent at 2,092.03 and the Nasdaq Composite was up 0.23 percent at 5,116.738.

** ALLERGAN PLC, $305.34, -2.28 pct

** PFIZER INC, $31.555, -1.94 pct

Pfizer, the maker of Viagra and Lipitor, has struck a deal to buy Botox-maker Allergan in a transaction valued at about $160 billion.

** TYSON FOODS INC, $48.05, +10.08 pct

The biggest U.S. meat processor reported better-than-expected quarterly sales, helped by strong demand for chicken products and as the Hillshire Brands acquisition boosted sales of prepared foods.

** ALCOA INC, $9.195, +5.81 pct

Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in “undervalued” Alcoa on Monday.

** ATLAS RESOURCE PARTNERS LP, $1.54, -32.75 pct

The oil and gas producer cuts its semi-annual borrowing base by 6.7 percent to $700 million, hurt by a fall in oil prices.

** KALOBIOS PHARMACEUTICALS INC, $40.18, +120.16 pct

The drug developer’s shares continued to rise after it last week appointed Turing Pharmaceuticals head Martin Shkreli as its CEO.

** CTI BIOPHARMA CORP, $1.19, +8.18 pct

The drug developer said it expects to submit marketing application for its lead cancer drug to FDA before the end of 2015.


The specialty chemical maker said chairman Martin Franklin, Berggruen Holdings Ltd, COO Benjamin Gliklich and CFO Sanjiv Khattri bought a total of 1 million of its shares.

** BGC PARTNERS INC, $8.7716, -4.81 pct

New York Attorney General Eric Schneiderman’s office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a person familiar with the matter said on Monday.

The person, who spoke on condition of anonymity, said subpoenas were issued last week to four brokerages, including BGC Partners.

** TRANSALTA CORP, $4.51, +10.81 pct

RBC Capital Markets raised is rating on the stock to “sector perform” from “underperform” and price target to C$7 from C$6.

** CHIPOTLE MEXICAN GRILL INC, $559.61, +4.37 pct

Chipotle’s shares slipped to an 18 month-low after markets opened on Monday but quickly rallied to trade up 6 percent at $569.03. They had fallen 12 percent on Friday. Some analysts said investor reaction was overdone and that Chipotle was a good long-term bet.

Same-restaurant sales at Chipotle, hit by an E.coli outbreak at its restaurants, look set to decline for the first time since the burrito chain was spun off from McDonald’s Corp in 2006. The company on Friday said the outbreak, initially limited to restaurants in Washington state and Oregon, had spread to four additional states: California, Ohio, New York and Minnesota.

** SUNEDISON INC, $3.09, +9.57 pct

The troubled U.S. solar company said on Monday chief executives of its two yield cos had stepped down and the company’s chief financial officer will assume additional roles of chief executive at the units.

** CELLDEX THERAPEUTICS INC, $18.08, +11.67 pct

The drug developer said its experimental brain cancer vaccine, Rintega, combined with standard therapy, continued to improve chances of survival for patients with recurrent cancer.

** MALLINCKRODT PLC, $66.44, +8.92 pct

The drugmaker posted a higher-than-expected fourth-quarter profit as the company benefits from strong drug sales.

** IDERA PHARMACEUTICALS INC, $3.48, +9.09 pct

** GLAXOSMITHKLINE PLC, $40.6, -1.26 pct

Idera signed an exclusive collaboration deal with GlaxoSmithKline to research, develop and market selected drugs using Idera’s technology for treatment of renal disease.

** NOVOCURE LTD, $24.983, +13.35 pct

The medical device maker said its lead cancer therapy improved survival rate in brain cancer patients in combination with Avastin in a late-stage study.

** UNWIRED PLANET INC, $0.9325, +15.65 pct

The patent aggregator said the UK High Court issued judgment that Samsung Electronics and Huawei Technology had infringed an LTE (Long Term Evolution) standards-essential patent (SEP) held by Unwired.

** GAMESTOP CORP, $35.71, -9.04 pct

** ELECTRONIC ARTS INC, $68.53, -5.37 pct

GameStop, the world’s largest retailer of video games and related products, reported lower-than-expected quarterly revenue, hurt by lower sales of new gaming software and hardware.

Shares of video-game maker Electronic Arts fell after GameStop said demand for EA’s “Star Wars: Battlefront”, which was launched in November, was weaker than anticipated.

** DIEBOLD INC, $34.61, -7.73 pct

The U.S. automated teller machine maker has launched a $1.8 billion cash and share offer for German rival Wincor Nixdorf AG to form the world’s largest ATM maker, the companies said on Monday.

** BHP BILLITON INC, $28.49, -2.10 pct

** ARCELORMITTAL SA, $4.82, -4.55 pct

Mining stocks among weakest in Europe on Monday after number of commodities hit multi-year lows.

** PEABODY ENERGY CORP, $11.99, +6.20 pct

The coal miner’s shares are up after it agrees to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 mln in cash. (Reporting by Rachel Chitra in Bengaluru; Editing by Maju Samuel)

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