April 9, 2018 / 4:50 PM / 5 months ago

BUZZ-U.S. STOCKS ON THE MOVE-Leucadia National, Merck, AveXis, Menlo Therapeutics, Mechel PAO, Acadia Pharma

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The Dow Jones Industrial Average and the S&P rose more than 1 percent, while the
Nasdaq added 2 percent on Monday as strength in technology shares and a softer
stance by U.S. policymakers on China trade tariffs powered a rebound from last
week's selloff.
    
At 12:40 ET, the Dow Jones Industrial Average was up 1.34 percent at
24,254.1. The S&P 500 was up 1.43 percent at 2,641.84 and the Nasdaq
Composite was up 1.92 percent at 7,048.177.
 
 The top three S&P 500 percentage gainers:
 ** Leucadia National Corp, up 12.8 pct
 ** Nektar Therapeutics, up 7.3 pct
 ** Merck & Co, up 7.1 pct
 
 The top three S&P 500 percentage losers:
 ** Under Armour C, down 2.4 pct
 ** Carmax Inc, down 2.1 pct
 ** Under Armour A, down 2.1 pct
 
 The top three NYSE percentage gainers:
 ** Leucadia National Corp, up 12.8 pct
 ** Intelsat Sa, up 12.3 pct
 ** Kenon Holdings, up 7.6 pct
 
 The top three NYSE percentage losers:
 ** Mechel PAO, down 20.2 pct
 ** Essent Group Ltd, down 15.4 pct
 ** Radian Group, down 14.7 pct
 
 The top three Nasdaq percentage gainers:
 ** Avexis Inc, up 81.7 pct
 ** Kingtone Wirelessinfo Solution Holding Ltd, up 58.8 pct
 ** Turtle Beach Corp, up 29.3 pct
 
 The top three Nasdaq percentage losers:
 ** Menlo Therapeutics Inc, down 71.6 pct
 ** Acadia Pharmaceuticals Inc, down 24.9 pct
 ** NMI Holdings Inc, down 21.6 pct
 
 
 
 ** AveXis Inc: up 81.7 pct
 ** Regenixbio Inc: up 22.6 pct
 UPDATE 3-Novartis bets big on gene therapy with $8.7 bln AveXis deal

 BUZZ-AveXis soars on $8.7 bln offer from Novartis
 BUZZ-Street View: Novartis' AveXis deal sharpens gene therapy interest

 
 
  ** Leucadia National Corp: up 12.8 pct
 UPDATE 2-Leucadia to shed most non-financial assets, rename as 'Jefferies'

 BUZZ-Leucadia National: Sells stakes for $1.33 bln, to rename as 'Jefferies'

 
  
 ** Menlo Therapeutics: down 71.6 pct
 BUZZ-Menlo: Set for record low after itch drug fails mid-stage study

 
 
 ** New York & Co: up 5.3 pct
 BUZZ-New York & Co: Hits near two-year high on higher Q4 revenue
 
  
 ** Merck & Co: up 7.1 pct
 ** Bristol-Myers Squibb Co: down 0.5 pct
 UPDATE 3-Merck's Keytruda helps lung cancer patients live longer in
trial
 BUZZ-Merck's Keytruda study success weighs on rival Bristol-Myers
 
 
  ** AbbVie Inc: up 2.6 pct
 BUZZ-AbbVie: Autoimmune disorder drug succeeds late-stage trial
   
 
  ** Therapix Biosciences Ltd: up 23.8 pct
 BUZZ-Therapix Biosciences: Jumps on positive data from Tourette's drug
trial
 
 
 ** MGIC Investment Corp: down 14.2 pct
 BUZZ-Mortgage insurers plunge after MGIC cuts premium rates
 
 
  ** Verastem Inc: up 8.4 pct
 BUZZ-Verastem Inc: Jumps after FDA accepts NDA for cancer drug 
 
 
  ** General Motors Co: up 1.4 pct
 BUZZ-Ford, GM, Fiat: MS expects boost from pickup sales; upgrades GM

  
 
 ** Acadia Pharmaceuticals Inc: down 24.9 pct
 BUZZ-Acadia Pharma: Report on patient deaths related to Parkinson's drug

 
 
 ** Facebook Inc: up 1.4 pct
 UPDATE 1-Facebook CEO says company did not do enough to prevent misuse

 
   
 ** Kinross Gold Corp: down 8.5 pct
 BUZZ-Kinross Gold: Sinks following U.S. sanctions on Russia
 
 
 ** Mechel PAO: down 20.2 pct
 ** Mobil'nye Telesistemy PAO: down 10.7 pct 
 BUZZ-Russian ETFs set for worst day since Dec 2014 on U.S.
sanctions
 
 
 ** Turtle Beach Corp: up 29.3 pct
 BUZZ-Turtle Beach: More than doubles on strong prelim Q1
 
 
 ** SandRidge Energy Inc: up 3.9 pct
 UPDATE 4-SandRidge says to evaluate buyout offers, including
Icahn's
 BUZZ-SandRidge Energy: Up as Co agrees to evaluate buyout offers
 
 
 ** Rent-A-Center Inc: up 3.2 pct
 UPDATE 1-Rent-A-Center expects decision on buyout bids by second
quarter
 
 
 ** Ionis Pharmaceuticals Inc: up 4.1 pct
 UPDATE 1-Ionis may get up to $300 mln in licensing deal with AstraZeneca

 
 
 ** Alcoa Corp: up 7.0 pct
 ** Century Aluminum Co: up 13.0 pct
 BUZZ-Alcoa, Century Aluminum shares shine after Rusal sanctions
 
 
 ** Woodward Inc: up 4.9 pct
 BUZZ-Woodward shares fueled by diesel parts maker acquisition
 
 
 ** Meet Group Inc: up 19.9 pct
 BUZZ- Meet Group: Jumps as MeetMe app attracts more users
 
 
 ** Red Violet Inc: up 19.3 pct
 BUZZ-Red Violet Inc: Jumps as unit enters JV
 
 
 The 11 major S&P 500 sectors:
 
 
 Consumer Discretionary             up 0.98 pct
 Consumer Staples                   up 0.38 pct
 Energy                             up 1.31 pct
 Financial                          up 1.75 pct
 Health                             up 1.90 pct
 Industrial                         up 0.85 pct
 Information Technology             up 2.50 pct
 Materials                          up 0.60 pct
 Real Estate                        up 0.55 pct
 Teleservices                       down 0.10 pct
 Utilities                          up 0.42 pct
 
 (Compiled by Nivedita Balu in Bengaluru)
  
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