March 7, 2017 / 2:22 PM / a year ago

BUZZ-U.S. STOCKS ON THE MOVE-Nimble Storage, MeetMe, Astoria Financial, Sterling Bancorp

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U.S. stock index futures were down on Tuesday as investors assessed the potential impact of President Donald Trump’s latest moves, including a plan to repeal and replace the Affordable Care Act.

Dow Jones Industrial Average futures were down 0.15 percent at 20,926, S&P 500 futures were down 0.18 percent at 2,371.25 and Nasdaq 100 futures were down 0.21 percent at 5,350.

** NIMBLE STORAGE INC, Monday close $8.60, +45.23 pct premarket

** HEWLETT PACKARD ENTERPRISE CO, Monday close $23.07, +0.52 pct premarket

Hewlett Packard Enterprise Co said it would buy data storage provider Nimble Storage Inc for $1.09 billion in cash.

** MEET ME INC, Monday close $5.07, +23.08 pct premarket

The social media company reported fourth-quarter revenue and profit above expectations. MeetMe also said it was acquiring social media If(we), a company with similar social media products, for $60 million on Monday aftermarket.

** ASTORIA FINANCIAL CORP, Monday close $18.48, +10.39 pct premarket

** STERLING BANCORP, Monday close $25.05, -10.18 pct premarket

Sterling Bancorp said it would buy Astoria Financial in an all-stock deal valued at about $2.2 billion to create the sixth-largest regional bank in the New York City area by deposits.

** ENTEROMEDICS INC, Monday close $6.43, +12.60 pct premarket

The company’s fourth-quarter net loss narrowed compared with the year-ago period as it kept a lid on its costs.

** TG THERAPEUTICS INC, Monday close $10.20, +2.45 pct premarket

SunTrust Robinson raised price target on the company’s stock to $26 from $19, while Ladenburg Thalmann raised price target to $30 from $28.

** SNAP INC, Monday close $23.77, -4.75 pct premarket

A group representing large institutional investors has approached index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap and any other company that sells investors non-voting shares from their stock benchmarks.

** WEATHERFORD INTERNATIONAL PLC, Monday close $5.89, +18.68 pct premarket

** HALLIBURTON CO, Monday close $53.80, +0.00 pct premarket

The U.S. oilfield equipment maker named Halliburton’s CFO Mark McCollum as its chief executive, president and director.

** MOMO INC, Monday close $26.61, +8.94 pct premarket

The Chinese mobile chat app company reported better-than-expected fourth-quarter revenue, helped by better demand for mobile games, live video and mobile marketing services.

** TERRAFORM POWER INC, Monday close $11.59, +0.52 pct premarket

Brookfield Asset Management Inc said on Tuesday it would buy TerraForm Global Inc for about $787 million and acquire 51 percent of TerraForm Power Inc .

** DISH NETWORK CORP, Monday close $61.23, +5.03 pct premarket

The S&P Dow Jones said on Monday that the satellite TV company will replace Linear Technology Corp in the S&P 500, effective March 13.

** NAVISTAR INTERNATIONAL CORP, Monday close $26.13, -1.84 pct premarket

The U.S. truck maker reported a higher loss than a year earlier as continued weakness in the trucking industry hurt revenue.


The company announced the pricing of its public offering of 3 million shares of common stock for total estimated gross proceeds of about $58 million on Monday.

** MICHAELS COS INC, Monday close $20.53, +4.72 pct premarket

The crafts and home decor retailer reported better-than-expected fourth-quarter adjusted earnings and forecast 2017 earnings well ahead of analysts’ estimates.

** AMGEN INC, Monday close $167.19 pct premarket

** PFIZER INC, Monday close $34.35, -1.31 pct premarket

** MERCK & CO INC, Monday close $66.47, -1.16 pct premarket

The companies’ stocks fell premarket after U.S. President Donald Trump tweeted that the new healthcare system replacing Obamacare would lower drug prices.

Compiled by Gayathree Ganesan in Bengaluru; Edited by Martina D'Couto

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