December 24, 2015 / 4:23 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Nike, Hyatt, Patriot National, Amaya

(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. stocks indexes were little changed on Thursday in a shortened trading session on Christmas eve, dragged down by energy stocks. Dow Jones industrial average was down 0.23 percent at 17,562.89, the S&P 500 was down 0.12 percent at 2,061.9 and the Nasdaq Composite was up 0.14 percent at 5,053.142.

** MBIA INC, $6.85, +9.78 pct

** ASSURED GUARANTY, $27.75, +3.66 pct

Puerto Rico’s struggling electric power utility PREPA said on Wednesday it agreed a deal with creditors - including holdout bond insurers - on a restructuring of its debt, a move seen as key to fixing the island’s faltering economy. MBIA and Assured Guaranty are PREPA’s bond insurers.

** NIKE INC, $63.14, -1.89 pct

The sportswear retailer’s 2-for-1 share split comes into effect on Thursday. The stock had an adjusted close of $64.3550 on Wednesday.

** PATRIOT NATIONAL, $8.57, +22.96 pct

The provider of tech and outsourcing to insurance companies agreed to buy back all of its 1.67 million shares issued to certain institutional investors on Dec. 16 for about $20 million with no dilution to shareholders.

** RELYPSA INC, $28.98, +3.76 pct

** ASTRAZENECA PLC, $34.18, +0.65 pct

The Daily Mail reported rumors that British drugmaker AstraZeneca was interesting in buying the tiny U.S. drug developer. The story noted talk of an offer worth $46 per share.


The maker of motion control products said it would buy Germany-based Heidrive GmbH - a maker of motors, gears and electronic controls - for 20 million euros ($21.89 million).

** SUNEDISON INC, $5.895, +9.37 pct

The solar company said it is in talks with lenders to secure a $650 mln second lien credit facility, a part of which would be used to repay an existing facility.

** FREEPORT-MCMORAN INC, $7.555, +1.41 pct

The U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter.

** GW PHARMACEUTICALS PLC, $68.15, +1.56 pct

Reputed journal The Lancet Neurology published positive data on the British drugmaker’s experimental cannabis-derived treatment for epilepsy, saying the treatment reduced seizure frequency across drug-resistant epilepsy symptoms and was well tolerated.

** HYATT HOTELS CORP, $48.49, -1.76 pct

Hyatt Hotels said on Wednesday that its payment processing system was infected with credit-card-stealing malware in an attack discovered three weeks ago, the latest in a series of breaches at hospitality firms.

** FERRARI NV, $47.02, -0.06 pct


The top two investors in Ferrari have signed a shareholder pact giving them a total voting power of nearly 50 percent to keep firm grip on the sports car maker after it separates from Fiat Chrysler.

** STAPLES INC, $9.62, +0.94 pct

** OFFICE DEPOT INC, $5.545, +0.45 pct

Staples accused federal regulators of applying antitrust laws in a “misguided” way to try to block its $6.3 billion merger with smaller office supply retailer Office Depot.

** AMAYA INC, $12.57, -5.91 pct

Canadian gaming company Amaya has been ordered by a Kentucky court to pay $870 million in penalties to cover alleged losses by the state’s residents who played real-money poker on PokerStars’ website between 2006 and 2011.

** PEP BOYS - MANNY MOE & JACK, $17.46, +0.34 pct

Activist investor Carl Icahn is willing to pay as much as $1 billion for the U.S. auto parts retailer to it from rival bidder Japanese tire maker Bridgestone Corp, which has until 5.00 p.m. ET on Thursday to make another proposal.

Compiled by Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza

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