November 27, 2012 / 5:43 PM / in 5 years

MARKET PULSE-Acadia Pharma, Ralcorp, McMoRan Exploration, Immersion

Nov 27 (Reuters) - Some U.S. stocks on the move on Tuesday:

(For the Morning News Call newsletter, click. For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter,


U.S. stocks fell on Tuesday as worries over the impact of “fiscal cliff” on the economy overshadowed progress in easing Greece’s debt burden and a slew of positive U.S. economic data. The Dow Jones industrial average was down 0.29 percent, the Standard & Poor’s 500 Index was down 0.20 percent and the Nasdaq Composite Index was down 0.14 percent.

** ACADIA PHARMACEUTICALS INC, $2.30, up 142 pct (1206 ET)

The biopharmaceutical company said its antipsychotic drug for Parkinson’s disease patients succeeded in meeting the primary goal and key secondary goals of a pivotal late stage clinical trial.

** CONAGRA FOODS Inc, $28.29, up 5 pct (1206 ET)

** RALCORP HOLDINGS INC, Monday close $70.23, up 26 pct (1206 ET)

Long-time suitor ConAgra Foods Inc finally sealed a deal to buy Ralcorp Holdings for $5 billion to become the biggest private label food company in North America.

** CORNING INC, $11.35, up 8 pct (1207 ET)

The specialty glass maker said it expects full-year sales of its Gorilla glass, used in smartphones and tablets, to approach $1 billion.

** MCMORAN EXPLORATION CO, $7.37, down 16 pct, (1207 ET)

The oil and gas explorer said on Monday that it could not achieve a measurable flow test at its key Davy Jones No. 1 well in the Gulf of Mexico. The company did not give a new date for the test, which has now been delayed for more than a year due to technical problems.

** IMMERSION CORP, $5.85, up 27 pct (1207 ET)

The touch feedback technology provider said it reached a licensing agreement with Google Inc and Motorola Mobility LLC, ending its ongoing patent infringement lawsuit against Motorola.


The biotechnology company, whose only production plant was recently gutted in a fire, said it will temporarily slash 70 jobs and implement salary cuts to cut costs.

** THOR INDUSTRIES INC, $39.12, down 10 pct (1208 ET)

The recreational vehicle and bus maker reported first-quarter earnings below market expectations as the company’s profit was hurt by discounts implemented to counter a rise in competition in the RV and bus markets.

** CLEAN DIESEL TECHNOLOGIES INC, $2.45, up 10 pct (1208 ET)

The cleantech emissions control company said on Monday it received verification from the Environmental Protection Agency for its Purifilter EGR emission reduction system.

** CHINA CERAMICS CO LTD, $2.50, up 1 pct (1208 ET)

The ceramic tile maker said it signed a contract with a unit of China State Construction Engineering Corp, the largest real estate construction contractor in China.

** CROCS INC, $12.75, up 8 pct (1209 ET)

Goldman Sachs initiated coverage of the shoemaker with a “buy” rating and price target of $17, according to

** LAS VEGAS SANDS CORP, $45.61, up 6 pct (1209 ET)

The casino company’s board approved a special dividend of $2.75 per share on Monday.

** AMARIN CORPORATION PLC, $11.95, up 4 pct (1209 ET)

The drugmaker said the U.S. Patent and Trademark Office issued a tenth patent to its heart drug Vasecpa, which has a term that expires no earlier than in 2030.

** ADT CORP, $43.1, up 3 pct (1210 ET)

The home security services provider said price increases helped lift sales and earnings in its initial quarter as an independent company.

** BAZAARVOICE INC, $10.44, down 9 pct (1217 ET)

BMO Capital Markets cut its price target on the stock to $14 from $16, saying “disappointing deferred revenues, a slowdown in hiring, and the (company‘s) admission that sales execution may have fallen a bit short could weigh on the stock in the near term.”

The company reported a smaller-than-expected second-quarter loss on Monday, and said on a conference call that the 73 employees it added during the first quarter met a substantial portion of its hiring needs for fiscal 2013.

** CELSION CORP, $7.80, down 3 pct (1218 ET)

An investment website said the drug development company’s stock could rise if results from a key study of its ThermoDox liver cancer treatment are positive. Celsion is expected to release data of the Phase III study in January.

** SCHNITZER STEEL INDUSTRIES INC, $27.05, down 3 pct (1210 ET)

The company, which manufactures and exports recycled ferrous metal products, forecast lower ferrous sales volumes and prices for the first quarter due to softer demand, reduced flows of raw materials and shipment timings.

Scnitzer said it expects ferrous sales volumes to fall about 20 percent from the preceding quarter, and prices to slip 5 percent. It also expects a 30 percent drop in nonferrous volumes. .

** NEXSTAR BROADCASTING GROUP INC, $10.21 down 5 pct (1211 ET)

The television station operator reported a secondary offering of 8 million shares on Monday. [ID: nBw33pXjWa]

** GENERAC HOLDINGS INC, $33.44, up 7 pct (1212 ET)

The generator maker said late on Monday that it was withdrawing a secondary offering of its shares “due to market conditions”.

Shares of Generac had fallen 7 percent during business hours on Monday after it reported the offering of 11.5 million shares.

** CHINA SUNERGY CO LTD, $1.16, down 3 pct (1212 ET)

The solar cell and module maker reported a quarterly loss, its sixth in a row, as panel prices remained low due to oversupply, and it also forecast a net loss for the current quarter. (Compiled by Maria Ajit Thomas in Bangalore)

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