April 7, 2016 / 6:02 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Relypsa, Pacific Sunwear, Buckle, Kinross

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Wall Street was lower on Thursday as oil prices slid and investors worried that measures taken by central banks may not be enough to put the global economy back on track. The Dow Jones industrial average was down 0.93 percent at 17,550.93, the S&P 500 was down 1.18 percent at 2,042.24 and the Nasdaq Composite was down 1.34 percent at 4,854.607.


The struggling teen apparel retailer filed for Chapter 11 bankruptcy protection on Thursday, succumbing to mounting losses and intense competition in the industry.

** RELYPSA INC, $21.25, +46.45 pct

The drugmaker was exploring sale after overtures from potential buyers, according to people familiar with the matter.

** CRESTWOOD EQUITY PARTNERS LP, $11.38, +6.36 pct

The natural gas pipeline company said it entered into an agreement with BlueStone Natural Resources LLC to gather and process natural gas in Barnett Shale, Texas.

** HANESBRANDS INC, $28.13, +3.80 pct

The apparel maker and retailer said it would buy privately held sportswear maker Champion Europe for about 200 million euros.

** BUCKLE INC, $29.21, -10.45 pct

The apparel retailer’s March same-store sales fell 11.8 percent, worse than the 6.7 percent decline analysts had estimated.

** VALE SA, $4.05, -1.22 pct

** RIO TINTO LTD, $27.1, -1.70 pct

** TECK RESOURCES LTD, $7.05, -9.03 pct

** FREEPORT-MCMORAN INC, $8.915, -7.23 pct


Copper miners’ shares fell as the metal dipped to a one-month low on concerns over demand from major consumer China.

** KINROSS GOLD CORP, $3.82, +6.70 pct

** BARRICK GOLD CORP, $14.56, +4.22 pct

** YAMANA GOLD INC, $3.28, +5.47 pct

** FIRST MAJESTIC SILVER CORP, $6.64, +3.75 pct

** ENDEAVOR SILVER CORP, $2.69, +7.60 pct

U.S.-listed shares of gold producers rose after the precious metal jumped almost 2 percent as the dollar remained under pressure on uncertainty around future U.S. interest rate increases. Shares of silver producers also rose.

** UNWIRED PLANET INC, $7.15, -29.20 pct

The patent aggregator said it would sell its patent business to Optis UP Holdings LLC and would receive $30 million at closing of the deal and up to $10 million two years after the deal.


The drugmaker said it had obtained approval from its lenders for an amendment and waiver to its credit facility, giving the embattled drugmaker an extra month to file its annual report.


The discount retailer reported better-than-expected fourth quarter profit and sales, helped by store openings, rise in merchandise margins and expense control.

** DRAGONWAVE INC, $7.15, -18.75 pct

The Canadian wireless networking equipment maker offered shares and warrants.

** CELLECTAR BIOSCIENCES INC, $3.94, +12.57 pct

The oncology drugs developer said Nasdaq listing qualifications panel granted it request for continued listing of common stock.

** HOOKER FURNITURE CORP, $27.73, -16.70 pct

The home furnishings company reported lower-than-expected fourth quarter sales and profit, hurt by lower sales of case goods, upholstery and higher discounts.

** VIKING THERAPEUTICS INC, $2.38, +66.43 pct

HC Wainwright analysts initiated coverage on the drug developer’s stock with a “buy” rating and a price target of $6.

** IONIS PHARMACEUTICALS INC, $42.7, -8.23 pct

The drugmaker provided an update on its drug, IONIS-TTRRx. The drug is being evaluated by Ionis in an ongoing late-stage study in patients with a form of TTR amyloidosis.

** WYNN RESORTS LTD, $98.729, +10.25 pct

Telsey Advisory Group analyst David Katz upgraded the casino operator’s stock to “outperform” from “market perform” and raised his price target to $112 from $67.

** BARCLAYS PLC, $8.27, -2.71 pct

The British lender has agreed to sell its wealth and investment management business in Hong Kong and Singapore to Oversea-Chinese Banking Corp, as the company continues its drive to reduce risk and simplify.

** YAHOO INC, $36.06, -1.64 pct

The Internet company expects a sharp decline in both its revenue and earnings this year compared with 2015, with revenue seen falling nearly 15 percent and earnings over 20 percent, Re/code reported, citing a Yahoo document.

** BED BATH & BEYOND INC, $49, +0.39 pct

The home furnishings retailer reported better-than-expected quarterly profit and revenue, helped by strong e-commerce sales. (Compiled by Kshitiz Goliya in Bengaluru; Editing by Anil D’Silva)

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