March 7, 2016 / 4:27 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-ComScore, steel stocks, Valeant, Pier 1

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, Wall Street started the week on a negative note on Monday, dragged down by financial and technology stocks, after last week's rally. The Dow Jones industrial average was up 0.17 percent at 17,035.74, the S&P 500 was down 0.08 percent at 1,998.37 and the Nasdaq Composite was down 0.17 percent at 4,709.043.

** CELLDEX THERAPEUTICS INC, $4.035, -50.73 pct

The drug developer said it would discontinue a late-stage study of its brain cancer vaccine after an independent interim analysis suggested the therapy might not show a statistically significant difference in survival rates compared with chemotherapy.


The oil and natural gas producer suspended distributions on its common and preferred units on Friday. FBR Capital Markets downgraded the stock to “market perform” from “outperform”, saying the suspension was likely influenced by the company’s upcoming borrowing base redetermination.


The drug developer said a dose of its experimental antiviral drug improved survival rates in mice infected with the Zika virus in a preclinical study.

** ICONIX BRAND GROUP INC, $10.01, +18.60 pct

The Umbro and Lee Cooper brands owner announced a new five-year $300 million term loan credit facility provided by credit funds managed by affiliates of Fortress Investment Group LLC.

** COMSCORE INC, $28.815, -29.22 pct

The data analytics provider said an audit committee has started a review of potential accounting matters.

** SEADRILL LTD, $5.84, -2.18 pct

The rig firm repeated on Monday it would present a refinancing plan for its $10 billion debt during the second quarter.

** PIER 1 IMPORTS INC, $6.601, +20.46 pct

The home decor and furniture importer estimated fourth-quarter sales above the average analyst expectation, helped by promotions and clearance sales.

** BARRICK GOLD CORP, $14.19, +3.43 pct

** YAMANA GOLD INC, $3.23, +4.53 pct

** ANGLOGOLD ASHANTI LTD, $13.4, +3.72 pct

** SIBANYE GOLD LTD, $14.24, +2.23 pct

** GOLD FIELDS LTD, $4.25, +3.66 pct

** DRDGOLD LTD, $3.86, +1.05 pct

U.S.-listed shares of gold miners rose as gold soared to just below last week’s 13-month high.

** AK STEEL HOLDING CORP, $3.97, +6.15 pct

** ARCELORMITTAL SA, $5.09, +4.95 pct

** STEEL DYNAMICS INC, $20.22, +2.28 pct

U.S. steelmakers rose as spot iron ore prices jumped nearly 20 percent to their highest in more than eight months, buoyed by expectations that Chinese steel mills are planning production cuts.


The Canadian drugmaker said it will release its preliminary fourth-quarter results on March 15, followed by a conference call on the same day. (Compiled by Manish Parashar in Bengaluru; Editing by Maju Samuel)

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