February 17, 2015 / 2:12 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Celsus, VBL Therapeutics, Oncolytics, Magnegas

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U.S. stock index futures pointed to a quiet open on Tuesday, the first trading session after the S&P 500 closed at a record high, although investors continued to watch the uncertainty over a Greek debt deal and a fragile Ukraine truce.

Dow Jones industrial average futures were down 0.06 percent at 17,971, S&P 500 futures were down 0.13 percent at 2,090.75 and Nasdaq 100 futures were up 0.11 percent at 4,381.75.

** CELSUS THERAPEUTICS PLC, Friday close $6.17, -82.66 pct premarket

The drug developer said a mid-stage study for a skin cream, the lead drug in company’s pipeline, did not meet the main goal.

** VBL THERAPEUTICS INC, Friday close $14.11, -51.74 pct premarket

Israeli company said it would stop developing its experimental inflammatory drug to fight ulcerative colitis and psoriasis.

** ONCOLYTICS BIOTECH INC, Friday close $0.5131, +26.66 pct premarket

The U.S. Food and drug Administration gave the Canadian biotech’s lead product, Reolysin, to treat pancreatic cancer was given orphan drug designation. The FDA grants the status to products that treat rare diseases, providing incentives to sponsors developing drugs or biologics.

** MAGNEGAS CORP, Friday close $0.7201 , -23.59 pct premarket

The company, which has a patented process to convert liquid waste into hydrogen-based fuels, said one of the five largest U.S. electric utilities has approved its MagneGas2 fuel to replace acetylene at their power and repair facilities. The product roll-out period will occur over the next several months.

** WALTER ENERGY INC, Friday close $1.09, -10.09 pct premarket

The U.S. coal miner reported a bigger-than-expected quarterly loss as it sold less metallurgical coal after suspending mining operations in Canada.

** REAL GOODS SOLAR, Friday close $0.39, -13.18 pct premarket

The solar company estimated a Q4 net loss of $16 million compared with $3 million last year, hurt by an impairment charge of $11 million related to its Sunetric business, a solar company it acquired last May.

Real Goods said it woudl not meet the required standards to continue its listing on the Nasdaq in absence of positive net worth after recording the impairment charge.

** HELIX ENERGY SOLUTIONS GROUP INC, Friday close $19.08, -13.21 pct premarket

The provider of rigs and services to offshore drillers’ earnings and revenue fell short of Wall Street’s estimates, due to mechanical problems on one of its vessels and early termination of work for another.

** ZILLOW INC, Friday close $106.5, +4.04 pct premarket

** TRULIA INC, Friday close $46.89, +4.24 pct premarket

Zillow, a real estate website operator, said it expects deal with rival Trulia to close as early as Feb. 17. Zillow’s fourth-quarter revenue rose 58.2 percent, driven by rise in average monthly unique users.

** VIPSHOP HOLDINGS LTD, Friday close $21.8, +11.51 pct premarket

The online discount retailer forecasts first-quarter revenue above analysts’ average estimate. Vipshop reported better-than-expected fourth-quarter profit and revenue as total orders and the number of active customers both doubled.

** NATIONAL BANK OF GREECE SA, Friday close $1.61, -10.00 pct premarket

The Greek lender’s shares fell after talks between Greece and European partners over country’s debt crisis collapsed, raising doubts about Greece’s future in the currency bloc.

** SAREPTA THERAPEUTICS, Friday close $12.76, +7.60 pct premarket

Bank of America Merrill Lynch raised its rating on the cell therapy developer’s stock to “buy” from “neutral”, citing its increasing conviction in the U.S. approval of its experimental muscle disorder drug, eteplirsen. The brokerage raised probability of U.S. approval to 50 pct from 40 pct, and hikes price target to $21 from $19.

** CYREN LTD, Friday close $2.83, +7.07 pct premarket

The Israeli cyber security software company said ALSO Deutschland GmbH agreed to distribute its cloud-based web security product. The CYREN WebSecurity product helps to protect devices and data regardless of type or location.

** VASCO DATA SECURITY INTERNATIONAL INC, Friday close $27.86, +7.28 pct premarket

The data security products and software maker reported fourth-quarter revenue, profit above analysts’ estimates, helped by higher demand for security products from the banking industry.

** INTERCONTINENTAL HOTELS, Friday close $40.34, -5.38 pct premarket

The company, one of the world’s largest hoteliers, posted broadly in-line full-year results. But its London-listed shares were heading for their biggest one-day fall since late 2011 and analysts cite stretched valuations as the main catalyst.

** TRANSOCEAN LTD, Friday close $19.05, -1.47 pct premarket

The chief executive of one of the world’s top offshore drilling companies is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Zephirin adjusts price objective to $35 from $31.

** SOTHEBY‘S, Friday close $44.89, -1.54 pct premarket

Cowen and company cut its rating on the auction house’s stock to “market perform” from “outperform”.

** CABLEVISION SYSTEMS CORP, Friday close $20.6, -3.30 pct premarket

UBS cut its rating on the media company’s stock to “sell” from “neutral”.

** NOBLE ENERGY, Friday close $50.79, +0.41 pct premarket

The company will supply Egypt with seven LNG cargoes under a two-year deal that begins in April, the oil ministry said on Tuesday.

** MEDTRONIC PLC, Friday close $75.26, +2.71 pct premarket

The medical device maker reported a better-than-expected quarterly profit, helped mainly by increased sales in its cardiac and vascular business, its largest.

** STARWOOD HOTELS & RESORTS WORLDWIDE INC, Friday close $78.55, +1.85 pct premarket

The hotel operator said Chief Executive Frits van Paasschen had resigned by mutual agreement, a week after the hotel operator announced the spinoff of its timeshare business. (Compiled by Neha Dimri in Bengaluru; Editing by Savio D‘Souza)

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