November 24, 2015 / 4:38 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-XBiotech, airline stocks, Daktronics

(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. shares weakened in cautious trading on Tuesday as nervous investors sought low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border. The Dow Jones industrial average was down 0.05 percent at 17,784.53, the S&P 500 was down 0.22 percent at 2,082.05 and the Nasdaq Composite was down 0.44 percent at 5,080.19.

** UNI-PIXEL INC, $0.7619, -48.52 pct

The touchscreen sensor maker’s shares were down after the company announced an offering of units late on Monday.

** PALO ALTO NETWORKS INC, $179.32, +4.24 pct

The cyber security company forecast current quarter sales that beat market expectations and reported higher-than-expected quarterly revenue as companies and governments spent more to protect themselves from cyber attacks.

** DOLLAR TREE INC, $72.8, +4.67 pct

The discount retailer reported a 38.4 percent drop in quarterly profit, hurt by expenses related to the integration of its Family Dollar acquisition.


** AMERICAN AIRLINES GROUP INC, $40.94, -3.22 pct

** DELTA AIR LINES INC, $46.98, -3.61 pct

** SOUTHWEST AIRLINES CO, $35.63, -3.07 pct

Travel-related companies’ stocks were down after the U.S. State Department issued global alert for Americans planning to travel following deadly militant attacks in France and Mali

** XBIOTECH INC, $8.95, -32.45 pct

The drugmaker’s shares were on track for a record one-day percentage drop after it said patient data compromised in phase III oncology study and that “study will have reduced statistical power to demonstrate the proposed effect”

** DAKTRONICS INC, $8.05, -20.14 pct

The electronic display system maker reported lower-than-expected second-quarter revenue and profit due to lower sales from its live events business, which includes integrated scoring and video display systems.


Morgan Stanley raised its rating on the steelmaker’s stock to “equal-weight” from “underweight” and price target to $21 from $14.

** TECH DATA, $67.355, -11.06 pct

Shares of the technology product distributor fell nearly a fifth to a three-month low after Tech Data missed third-quarter estimates due to a stronger dollar.

** DYCOM INDUSTRIES INC, $85.26, -0.87 pct

The engineering and construction contract services provider reported first-quarter profit and revenue above average analyst estimate as contract revenue jumps 29 percent.

** ANALOG DEVICES INC, $58.92, +3.73 pct

The Apple Inc supplier posted a fourth-quarter profit above average analyst estimate, helped by demand for smartphones and tablets.

** PINNACLE FOODS INC, $41.54, -3.84 pct

** BOULDER BRANDS INC, $10.925, +8.49 pct

Pinnacle Foods said it would buy natural packaged foods maker Boulder Brands for about $710 million to expand its health and wellness categories.


Aerojet Rocketdyne on Monday announced contracts from NASA and Boeing Co with a combined value of nearly $1.36 billion, welcome news for the company after several recent financial setbacks.


The network equipment maker provided a weak first-quarter revenue and profit outlook, citing lower router sales within its Storage-Area Network (SAN) and Internet Protocol (IP) networking businesses.

** CDW CORP, $44, -1.92 pct

Top holder Madison Dearborn Partners and No. 5 holder Providence Equity Partners cut their stakes in the IT service provider.

** SUNEDISON INC, $3.24, +8.00 pct

The solar company plans to sell solar power capacity worth about 400 megawatts in India for roughly $350 million, as the U.S.-based firm looks to shed assets to boost balance sheet, said two sources with direct knowledge of the matter.

** MICROSEMI CORP, $34, -6.10 pct

** PMC-SIERRA INC, $11.67, -1.60 pct

** SKYWORKS SOLUTIONS INC, $79.08, +1.75 pct

Chipmaker Microsemi said it would buy PMC-Sierra in a $2.5 billion deal, ending a months-long bidding war with Skyworks Solutions.

** U.S. STEEL INC, $7.81, -2.38 pct

The steel producer’s shares were down after Argus analysts said the company could post a bigger loss this year on weak business in its tubular and flat-rolled divisions due to lower oil prices and pricing.

** BARRICK GOLD CORP, $7.22, +1.40 pct

** HARMONY GOLD MINING CO LTD, $0.61, +8.93 pct

** YAMANA GOLD INC $1.94, +5.43 pct

** ENDEAVOUR SILVER CORP $1.455, +5.43 pct

** FIRST MAJESTIC SILVER CORP $3.23, +6.95 pct

U.S.-listed shares of gold miners up as metal prices recover from near six-year lows.

** XEROX CORP, $10.48, -2.51 pct

Activist investor Carl Icahn disclosed a stake in Xerox and called the printer and copier maker’s shares “undervalued”. (Compiled by Rachel Chitra in Bengaluru; Editing by Maju Samuel)

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