March 23, 2016 / 12:03 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Nike, SunEdison, Lumber, Valeant

(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 index futures were little changed on Wednesday as investors remained cautious a day after the attacks in Brussels and ahead of the Good Friday market holiday. Dow Jones industrial average futures were up 0.03 percent at 17,509, S&P 500 futures were up 0.07 percent at 2,044 and Nasdaq 100 futures were up 0.07 percent at 4,437.5.

** NIKE INC, Tuesday close $64.9, -4.62 pct premarket

At least four brokerages cut price targets on the world’s biggest footwear maker’s stock after it reported lower-than-expected third-quarter revenue as a strong dollar reduced the value of sales from overseas markets.

** SUNEDISON INC, Tuesday close $1.49, -10.07 pct premarket

The troubled solar company is in talks with holders of its second-lien loans to fund a debtor-in-possession financing facility for $300 million, Debtwire reported on Tuesday, citing sources.

** LUMBER LIQUIDATORS HOLDINGS INC, Tuesday close $13.94, +4.16 pct premarket

The hardwood flooring retailer said it had settled with the California Air Resources Board issues relating to an inquiry into some China-sourced laminates that emitted excessive amounts of formaldehyde.

** SHELL MIDSTREAM PARTNERS, Tuesday close $34.03, -3.82 pct premarket

Royal Dutch Shell’s affiliate’s units fall after MLP announced a follow-on set to price before markets open on Wednesday. The company is offering 8.5million units with bookrunner Barclays marketing units at a bracketed discount of 6.7-9.6 percent to Tuesday’s $34.03 last sale.

** VALEANT PHARMACEUTICALS, Tuesday close $31.89, +2.82 pct premarket

The embattled Canadian drugmaker’s U.S.-listed shares are set to add to 17 percent gain since Friday close and on track for the best week in 2016. Valeant said on Monday its CEO will leave and billionaire investor William Ackman will join the board. (Compiled by Yashaswini Swamynathan in Bengaluru; Edited by Don Sebastian)

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