December 28, 2015 / 2:17 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Chimerix, Iconix, Valeant, Fitbit

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes were set to open lower on the first day of the last trading week of the year as oil prices continued to fall due to oversupply. Dow Jones industrial average futures were down 0.40 percent at 17,379, S&P 500 futures were down 0.32 percent at 2,044.75 and Nasdaq 100 futures were down 0.16 percent at 4,603.75.

** CHIMERIX INC, Thursday close $35.57, -77.59 pct premarket

The drug developer said its oral antiviral drug for the treatment of a certain kind of infection in stem cell transplant patients did not meet the main goal in a late-stage study.

** ICONIX BRAND GROUP INC, Thursday close $7.45, -10.74 pct premarket

The owner of Umbro and Lee Cooper brands said it received an order of investigation from the Staff of the Securities and Exchange Commission related to the accounting for the formation of certain joint ventures.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $114.11, -6.35 pct premarket

The Canadian drugmaker said a group of company executives will take over in an interim capacity, until CEO Michael Pearson returns from medical leave.

** FITBIT INC, Thursday close $28.91, +4.01 pct premarket

The wearable fitness device maker scores No. 1 spot on Apple Inc’s App Store chart for free apps on Dec. 25, according to media reports. This could indicate strong holiday demand for Fitbit wearable gadgets.

** ALIBABA GROUP HOLDING LTD, Thursday close $83.71, -1.33 pct premarket

The world’s biggest e-commerce company has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday.

** FERRARI NV, Thursday close $46.75, +0.51 pct premarket

Ferrari North America Inc, a division of Ferrari, is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday.

** PEP BOYS-MANNY MOE & JACK, Thursday close $17.51, +0.06 pct premarket

Japanese tire maker Bridgestone Corp raised its offer to buy the U.S. auto parts maker to $947 million, still below a possible sweetened offer by activist investor Carl Icahn.

** TRANSOCEAN LTD, Thursday close $12.98, -1.54 pct premarket

Transocean, one of the world’s largest offshore drilling companies, said on Monday that Shell had opted to terminate its contract for the harsh environment semisubmersible Polar Pioneer before the expiration in July 2017. (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)

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