January 30, 2015 / 6:40 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Shake Shack, Spark Therapeutics, Advanced Emissions

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell on Friday, pressured by concern over by domestic economic growth and the potential impact of euro zone instability on U.S. corporate results. The Dow Jones industrial average was down 0.65 percent at 17,303.24, the S&P 500 was down 0.55 percent at 2,010.22 and the Nasdaq Composite was down 0.18 percent at 4,675.112.

** SHAKE SHACK INC, $48.23, +129.67 pct

Shares of gourmet hamburger chain soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York’s Madison Square Park at nearly $2 billion.

** GULF RESOURCES INC, $2.1499, +82.19 pct

The Chinese bromine and chemical product maker finds natural gas resources under its bromine well in Sichuan area.

** SPARK THERAPEUTICS INC, $48.2, +109.57 pct

The genetic disease treatment company offered 7 million shares priced at $23 each, well above expected range of $19-$21.

** BOOKS-A-MILLION INC, $2.51, +49.58 pct

Chairman Clyde Anderson, who owns 58.2 pct of company, proposed to buy remaining shares for $2.75 per share late Thursday.


The emission control products maker said it expects shares to be delisted from Nasdaq; to trade over the counter while it works to finalize restatements.

** IMMUNOGEN INC, $7.82, +26.13 pct

The drug developer posted a surprise second-quarter profit, helped by higher license and milestone fees.

** FIRST NORTHWEST BANCORP, $12.11, +21.10 pct

The regional converts from mutual bank, in which depositors have interest in the institution’s net worth.

** GOOGLE INC, $538.33, +4.89 pct

The internet company plans to keep making ambitious and costly bets on futuristic products, even if it means shelving some of its most beloved projects.

** AMAZON.COM INC, $354.65, +13.75 pct

The online commerce giant reported stronger-than-expected quarterly earnings on Thursday as North American sales surged during the crucial holiday quarter.

** ELDORADO GOLD CORP, $4.33, -22.26 pct

Greece’s new left-wing government opposed the Canadian miner operated Skouries gold mine. “We are absolutely against it and we will examine our next moves on it,” energy minister Panagiotis Lafazanis tells Reuters.

** DECKERS OUTDOOR CORP, $67.03, -18.52 pct

The outdoor footwear and apparel manufacturer and retailer cut its full-year forecast as demand for its UGG Australia branded sheepskin shoes slows in the United States.

** GREEN DOT CORP, $15.72, -20.81 pct

The debit card provider forecast 2015 adjusted earnings of $1.24-$1.47 per share, below average analyst estimate of $1.74, and reported lower-than-expected fourth-quarter revenue and profit as operating expenses rise 6 percent.

At least 4 brokerages cut price targets by as much as $4 to as low as $17.


FDA granted “breakthrough therapy designation” for lead drug to treat nonalcoholic steatohepatitis, a fatty liver disease for which there is no approved treatment.

** BIOGEN IDEC INC, $392.2006, +11.03 pct

The U.S. biotechnology company on Thursday reported a fourth-quarter profit and issued a 2015 earnings forecast that both sailed past Wall Street estimates, driven by strong sales of its oral multiple sclerosis drug Tecfidera.

** PERFORMANT FINANCIAL CORP, $4.95, +17.58 pct

The company to withdraw proposed public offerings of convertible senior notes and common stock, which was intended to fund the purchase of Premier Healthcare Exchange Inc.

** VISA INC, $259, +4.44 pct

The world’s largest credit and debit card company reported a better-than-expected quarterly profit on Thursday due to a good holiday season and a strengthening U.S. job market that encouraged people to spend.

** MIZUHO FINANCIAL GROUP INC, $3.22, -3.88 pct

Japan’s second-largest lender by assets reported a surprise 26 percent rise in profits for the quarter ended in December as the Bank of Japan’s additional stimulus measures boosted markets.

** FXCM INC, $2.18, -2.68 pct

The retail currency broker adopts stockholder rights plan and declares dividend distribution of 1 right on each outstanding share of company’s Class A common stock.

** PETROLEO BRASILEIRO SA, $5.93, -7.34 pct

The Brazilian state-run oil company said on Thursday it plans to sell assets, cut investments and probably delay dividend payments to face a credit crunch resulting from a massive corruption scandal.

** ALIGN TECHNOLOGY INC, $53.67, -8.52 pct

JMP Securities downgrades to “market perform” from “market outperform”.

** CHUBB CORP, $99.06, -3.38 pct

The property and casualty insurer’s quarterly operating profit rose 3.4 percent as premium income increased.

** SYNAPTICS INC, $76.91, +12.59 pct

Cowen and Co raised its price target on the stock to $95, highest on Wall Street; JP Morgan raised by $11, the biggest increase.

** INFRAREIT INC, $26.95, +17.17 pct

The company offered of 20 million shares priced at $23 per share, well above expected range of $19-$21.

** YANDEX NV, $15.07, -2.40 pct

** VIMPELCOM LTD, $3.57, +4.08 pct

** MOBILE TELESYSTEMS OAO, $7.65, -3.29 pct

Russia’s central bank said it was reducing 1-week minimum auction repo rate seeing conditions for reduction in inflation medium-term.

** GIGAMON INC, $18.04, +12.26 pct

At least five brokerages raise price targets on stock, by as much as $6 to as much as $24.

** MANPOWERGROUP INC, $73.12, +12.67 pct

The staffing company’s fourth-quarter profit beat average analyst estimate, services revenue increases in North America.

** XEROX CORP, $13, -4.13 pct

The company best known for its printers and copiers forecast a first-quarter and full-year adjusted profit below analysts’ estimates, citing impact of recent shifts in currency rates, specifically the weakening of the euro.

** DICK’S SPORTING GOODS INC, $51.33, -6.91 pct

The sporting goods retailer is unlikely to be sold as Chief Executive Edward Stack, along with founder Stack family, want to keep control, the New York Post reported, citing bankers familiar with the CEO's thinking. (bit.ly/1DmDyDr)


Deutsche Bank cuts rating to “sell” from “hold” and lowers price target to $49 from $64.

** CEPHEID, $57.59, +6.47 pct

At least seven brokerages raised price targets after company reported better-than-expected fourth-quarter revenue, helped by clinical reagent sales.

** QLOGIC CORP, $13.13, +3.47 pct

RBC raises price target to $15 from $13, D.A. Davidson to $18 and BMO Capital to $15.50 from $14.50. BMO also raises rating to “outperform” from “market perform”, citing QLogic’s sustained revenue growth, stable gross margins and consistent stock buyback program.

** INVENSENSE INC, $15.3, -3.23 pct

Canaccord Genuity and Topeka cut price target to $18 from $21; Roth Capital to $22 from $25. “We believe that growth was driven by Apple and Samsung, which likely had volume discounts with a negative impact on gross margins,” Roth Capital analysts wrote.


Offers common stock of 9.6 million shares priced at $5.00 per share.

** TUESDAY MORNING CORP, $18.3799, -12.60 pct

The off-price retailer reported lower-than-expected second-quarter sales and profit.


The pharmaceutical company offered 3.6 million shares priced at $10 per share, well below the expected range of $12-$14.

** ANGLOGOLD ASHANTI LTD, $12.18, +6.47 pct

** NEWMONT MINING CORP, $25.16, +4.10 pct

** HARMONY GOLD MINING CO LTD, $3.08, +4.41 pct

** FIRST MAJESTIC SILVER CORP, $6.19, +5.63 pct

** ENDEAVOUR SILVER CORP, $2.74, +4.18 pct

** COEUR MINING INC, $6.1, +2.69 pct

Gold firmed as investors weighed up prospect of U.S. interest rate rise later this year, with data showing economic growth cooled in fourth quarter helping prices recover from previous day’s 2 percent plunge.

** UNILIFE CORP, $3.97, -10.18 pct

The medical device maker offered 11 million shares priced at $3.75 apiece, or a 14.8 pct discount to Thursday’s close.

** COHERENT INC, $63.42, +16.80 pct

The laser tools and systems maker reported better-than-expected first-quarter profit and revenue late on Thursday, helped by higher shipments. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)

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