(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) The Dow and S&P 500 were little changed on Monday after three straight days of gains as the corporate earnings season was poised to kick into high gear with a slew of reports this week. The Dow Jones industrial average was down 0.19 percent at 18,022.79 and the S&P 500 was down 0.21 percent at 2,097.66.
** BUILDERS FIRSTSOURCE INC, $11.4766, +66.33 pct
The building products supplier said it will buy privately held ProBuild Holdings LLC for $1.63 billion in cash.
** ORAMED PHARMACEUTICALS INC, $9.599, +54.08 pct
MLV & Co analyst Raghuram Selvaraju assumed coverage on the Israel-based drug developer’s stock with a “buy” rating and raised price target to $30 from $27.
** GREAT BASIN SCIENTIFIC INC, $4.15, +41.16 pct
The diagnostic test maker said it recorded 101 customers using its sample-to-result molecular diagnostic technology in the United States in the first quarter, up from 84 in the preceding quarter.
** RECRO PHARMA INC, $14.49, +29.72 pct
The drugmaker said it completed acquisition of anti-inflammatory drug, experimental pain drug and a manufacturing facility from Alkermes Plc.
** CIPHER PHARMACEUTICALS INC, $11.92, +23.01 pct
The Canadian drug developer said it acquired privately held dermatology company Innocutis Holdings LLC for $45.5 million in cash to enter the U.S. commercial market.
** ARCA BIOPHARMA INC, $1.0301, +22.65 pct
The drug developer said its experimental heart drug, Gencaro, got “fast track” status from the U.S. Food and Drug Administration.
** BASIC ENERGY SERVICES INC, $7.73, -7.09 pct
Analysts at Raymond James downgraded the stock to “market perform” from “outperform”, citing expectations of lower earnings and compressed margins in the first quarter.
** NTELOS HOLDINGS CORP, $5, -8.09 pct
BlackRock Inc said on Friday it had cut its passive stake in NTELOS to 5.2 percent from 15.9 percent, as of March 31.
** OCWEN FINANCIAL CORP, $9.19, -3.77 pct
** ALTISOURCE PORTFOLIO SOLUTIONS SA, $19.25, -6.23 pct
Law firm Robbins Geller Rudman & Dowd said on Friday it was reviewing complaints from homeowners that they were denied or delayed permanent mortgage loan modifications by Ocwen and another mortgage servicer under federal Home Affordable Modification Program.
Altisource provides software to Ocwen for servicing loans.
** AERIE PHARMACEUTICALS INC, $34.41, +6.53 pct
Shares of the drug developer rose on Monday ahead of the company’s expected release of data from a phase III study of its glaucoma treatment this quarter, according to two analysts.
** ALAMOS GOLD INC, $6.22, +5.60 pct
** AURICO GOLD INC, $3.2, +7.02 pct
Canadian gold miners Alamos and AuRico said they would merge in a deal valued at about $1.5 billion, combining high-yield assets such as the Mulatos mine in Mexico and the Young-Davidson mine in Ontario, Canada.
** CLOVIS ONCOLOGY INC, $86.305, +11.51 pct
Analysts at Goldman Sachs upgraded the cancer drug developer’s stock to “buy” from “neutral” and also raised their price target to $117 from $68.
** AETERNA ZENTARIS INC, $0.5389, +4.62 pct
The Canadian drug developer said it plans to conduct a confirmatory study on hormone deficiency drug-test after meeting with the U.S. Food and Drug Administration.
** ASCENT SOLAR TECHNOLOGIES INC, $0.9801, +3.17 pct
The solar module maker said it had started supplying panels and other products for Silent Falcon UAS Techonologies’ unmanned solar-powered aircraft.
** NETFLIX INC, $478.07, +5.17 pct
Analysts at UBS upgraded the streaming video service provider’s stock to “buy” from “neutral”.
** SINA CORP, $35.14, -6.32 pct
China will punish the web portal and social media firm after it was identified as operating the most complained about major website in the country, the Internet regulator said on Friday, the latest blow in an ongoing online crackdown.
** CAPSTONE TURBINE CORP, $0.6401, +4.03 pct
The microturbine energy systems maker said on Friday it was reorganizing to lower operating costs and eliminating three executive positions to save estimated $2 million annually.
** CYTORI THERAPEUTICS INC, $1.16, -6.45 pct
The drug developer provided 12-month follow-up data from its early-stage study testing treatment for an autoimmune disease called systemic sclerosis. The drug’s therapeutic effect on hand pain fell 50 percent at the end of 12 months, when compared to data at six months.
** PETROBRAS, $8.035, +3.68 pct
Broadcast, the real-time news service of Brazilian newspaper Estado de S. Paulo, reports that Petrobras is considering a sale of its stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million)
** RUCKUS WIRELESS INC, $12.11, -6.49 pct
Goldman Sachs removed the Wi-Fi products maker from its Americas conviction buy list.
** CHRISTOPHER & BANKS CORP, $5.91, +4.97 pct
Analysts at Piper Jaffray & Co raised their rating on the women’s apparel and accessories retailer’s stock to “overweight” from “neutral”.
** BARNES & NOBLE INC, $23.76, +6.64 pct
Craig-Hallum started coverage on the stock with a “buy”, saying investors have underestimated the opportunity that the company’s spinoff of its college bookstore business presents.
** THE MEDICINES CO, $29.08, +2.72 pct
An intravenous blood clot preventer developed by the biotech company should be approved by the U.S. Food and Drug Administration, FDA staff reviewers concluded.
** EXONE CO, $15.16, -3.56 pct
The 3D printer maker filed a shelf registration statement to raise up to $150 million in stock, debt, warrants and units.
** SYMANTEC CORP, $24.24, -5.24 pct
The security software maker has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)