December 16, 2015 / 6:39 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Acasti, Advaxis, Honeywell

(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, Wall Street pared gains as oil prices tumbled on Wednesday and ahead of a widely expected interest rate hike by the Federal Reserve later in the day. The Dow Jones industrial average was up 0.16 percent at 17,552.4, the S&P 500 was up 0.30 percent at 2,049.62 and the Nasdaq Composite was up 0.19 percent at 5,005.093.

** ACASTI PHARMA INC, $2.49, +55.04 pct

The drugmaker said the FDA gave positive feedback to the proposed development pathway of its lead drug, CaPre, to treat high levels of triglycerides that can cause heart disease.

** CHINA FINANCE ONLINE CO LTD, $6.36, +39.47 pct

The web-based financial services company reported a net income for the third quarter, compared with a loss a year earlier, helped by strong revenue from its financial services business.

** ADVAXIS INC, $10.68, +28.67 pct

The drug developer said on Wednesday the U.S. Food and Drug Administration lifted a clinical hold on three of its experimental cancer therapies.

** ARRAY BIOPHARMA INC, $4.625, +20.76 pct

The company said its experimental drug helped patients with a form of melanoma live longer without their cancer progressing, in an ongoing late-stage study.

** APPLE INC, $109.64, -0.77 pct

Apple fell to a two-month low and is biggest drag on S&P 500 as brokers cut their iPhone forecasts, citing supply chain weakness.

** SUNEDISON INC, $5.85, +18.18 pct

** TERRAFORM POWER INC, $12.93, +4.36 pct

** SUNRUN INC, $11.33, +19.39 pct

** SOLARCITY CORP, $51.19, +27.82 pct

** SUNPOWER CORP, $26.84, +9.91 pct

** FIRST SOLAR INC, $64.27, +7.42 pct

** ENPHASE ENERGY INC, $3.21, +33.20 pct

** SOLAREDGE TECHNOLOGIES INC, $24.98, +13.60 pct

** CANADIAN SOLAR INC, $26.73, +5.24 pct

** SOLAR3D INC, $2.95, +4.98 pct

Solar companies’ stocks set for the third straight day of gains after the Paris climate agreement. Renewable energy companies are expected to see big upticks in investments to develop new technologies. The solar industry also boosted by an expected extension of investment tax credits beyond 2016 and a California Public Utilities Commission proposal to continue solar customer credits for electricity they contribute to utility grid.


The drug developer says CEO Amit Munshi buys 8,069 shares at $2.87, which represents a premium of 2.5 pct to Tuesday’s close. Stock’s short squeeze indicator is 99 out of 100, according to Thomson Reuters data, which suggests a high probability of short squeeze.

** RPX CORP, $11.535, -14.62 pct

The patent clearinghouse’s acquisition of Inventus Solutions Inc will reduce its net cash by 63 pct, Baird analysts said in a note. Robert W. Baird and Co cuts price target.

** LAKELAND INDUSTRIES INC, $12.25, -18.12 pct

The hazmat suit maker reported third-quarter sales of $24.9 million compared with analysts’ average estimate of $25.5 mln, according to Thomson Reuters I/B/E/S.

** EXXON MOBILE, $31.24, +1.69 pct

** CHEVRON, $92.11, -0.70 pct

** SW ENERGY, $5.38, +0.19 pct

** DEVON ENERGY, $30.51, -4.27 pct

** SANCHEZ ENERGY, $4.17, -6.08 pct

** DENBURY RESOURCES, $2.1, -8.30 pct

** BAYTEX ENERGY, $2.73, -6.51 pct

** LAREDO PETROLEUM INC, $8.45, -5.59 pct

** STONE ENERGY CORP, $4.24, -5.99 pct

Energy stock gained for two days in a row; S&P 500 energy index closed up 2.8 pct on Tuesday, its best day in a month. Brent down 3.4 pct and U.S. crude down 4.5 pct as oversupply fears linger and ahead of expected U.S. rate hike

** CALIFORNIA RESOURCES CORP, $2.32, -11.11 pct

The oil and natural gas producer says it does not “expect to announce any further deleveraging transactions in 2015”; says closed a bond exchange deal this month. CRC had $6.35 bln net long-term debt as of Sept. 30.

** MOBILEYE, $40.31, -6.15 pct

The company says Citron tweet from unverified account points to story on which says Tesla is planning to discontinue Mobileye's autopilot system and build its own in-house system (

** NEXTERA ENERGY, $102.82, +4.15 pct

** NEXTERA ENERGY PARTNERS, $28.83, +7.78 pct


** EVERSOURCE ENERGY, $50.86, +2.29 pct

** WEC ENERGY GROUP, $50.84, +1.84 pct

The S&P utilities sector is top performing S&P sector, as Federal Reserve expected to announce decision to raise rates at 2:00 pm ET. Fed noted on Wed that industrial production fell in Nov as unusually warm weather caused a sharp drop in demand for utilities.


The Canadian drugmaker cut its revenue and profit forecasts for 2015, but said it still expected double-digit percentage sales growth through higher volumes in 2016. nL3N1453RF]

** HONEYWELL INTERNATIONAL INC, $102.87, +4.47 pct

The aircraft equipment maker said it expects 2016 sales to rise 4-6 pct to $39.9 billion-$40.9 billion and profit to grow 6-10 percent to $6.45-$6.70 per share.

** SPARK THERAPEUTICS INC, $45.45, -6.39 pct

The drug developer prices 3 million shares at $47, a 3.2 percent discount to Tuesday’s $48.55 last sale.

** FORD MOTOR CO, $14.185, +2.27 pct

The company said on Tuesday it secured a permit from California to begin testing its self-driving car on public roads from next year. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)

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