September 28, 2016 / 12:07 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Nike, Tempur Sealy, Sarepta, Origin Agritech

(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 awaited Federal Reserve Chair Janet Yellen's testimony before a Congressional Committee.

Dow Jones industrial average futures were up 0.09 percent at 18,155, S&P 500 futures were up 0.05 percent at 2,153.75 and Nasdaq 100 futures were up 0.10 percent at 4,865.5.

** NIKE INC, Tuesday close $55.34, -2.15 pct premarket

At least six brokerages cut their price targets on the sportswear and footwear maker’s stock as future orders missed analysts’ estimates for the third time in a row.

** TEMPUR SEALY INTERNATIONAL INC, Tuesday close $74.45, -21.96 pct premarket

The mattress maker and retailer said it expected a 1-3 percent fall in its full-year revenue, compared with a year earlier, and cut its adjusted EBITDA forecast.

** ORIGIN AGRITECH LTD, Tuesday close $2.33, +36.48 pct premarket

The agricultural biotechnology company said on Tuesday that it would sell its China-based commercial corn seed production and distribution unit for about $60 mln to Beijing Shihui Agricultural Development Co Ltd.

** SAREPTA THERAPEUTICS INC, Tuesday close $59.1, +4.23 pct premarket

RBC raised its price target on the drugmaker’s stock to $108 from $83.

** GREAT PLAINS ENERGY INC, Tuesday close $27.16, -0.59 pct premarket

The company’s stock offering of 52.6 million shares was priced at $26.45 per share.

** VERSARTIS INC, Tuesday close $13.33, -6.23 pct premarket

The drug developer announced proposed offering of common Stock on Tuesday.

** BLACKBERRY LTD, Tuesday close $7.88, +5.33 pct premarket

The company will outsource manufacturing of its once-core hardware, including its flagship smartphone, the Canadian company said on Wednesday as it reported another loss and sharp drop in revenue.

** AT&T INC, Tuesday close $41.46, -0.87 pct premarket

UBS cut the rating on the wireless carrier’s stock to “neutral”. (Compiled by Aishwarya Venugopal in Bengaluru; Editing by Anil D’Silva)

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