(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 S&P 500 and the Nasdaq were lower on Monday as declines in technology shares outweighed gains in energy and materials stocks. The Dow Jones industrial average was up 0.36 percent at 17,067.38, the S&P 500 was up 0.09 percent at 2,001.74 and the Nasdaq Composite was down 0.05 percent at 4,714.485.
** EAGLE BULK SHIPPING INC, $2.8, +117.05 pct
Lenders extended the expiry of a forbearance agreement with the dry bulk shipper to March 8 from March 4.
** CELLDEX THERAPEUTICS INC, $3.9779, -51.43 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.
** INVIVO THERAPEUTICS HOLDINGS CORP, $9.5756, +27.00 pct
The biotech company said the fifth patient implanted with its neuro-spinal scaffold device had regained partial sensation during a six-month treatment.
** PROTEOSTASIS THERAPEUTICS INC, $7.7, +38.49 pct
At least four brokerages start coverage on the biotech company’s stock, citing its promising cystic fibrosis drug.
** VANGUARD NATURAL RESOURCES LLC, $2.237, -14.29 pct
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.
** CLAUDE RESOURCES INC, $1.42, +11.81 pct
** SILVER STANDARD RESOURCES INC, $5.945, -11.14 pct
Silver Standard offered 0.185 of its common share and C$0.0001 in cash - or C$1.65 - for each of the Canadian gold miner’s shares.
** APPROACH RESOURCES INC, $1.88, +22.88 pct
KLR Group raised the oil and gas producer’s price target to $2.50 from $0.50 and Wunderlich to $1.50 from $1 after the company reported a lower-than-expected quarterly adjusted loss of 12 cents per share on Thursday.
** BIOCRYST PHARMACEUTICALS INC, $2.95, +14.34 pct
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, $9.85, +16.71 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.
** CLIFFS NATURAL RESOURCES, $3.42, +18.34 pct
The iron ore miner’s shares rose as spot iron ore prices rocketed nearly 20 percent to their highest in more than eight months, helped by expectations that Chinese steel mills are planning a short-term output boost.
** COMSCORE INC, $26.652, -34.53 pct
The data analytics provider said an audit committee has started a review of potential accounting matters.
** CREE INC, $28.82, -8.19 pct
The lighting products maker said it may not be possible for the company to exit its LED products business, its second biggest by revenue, after the U.S. government blocked Dutch lighting company Koninklijke Philips NV’s sale of its U.S. components division to Asian buyers on security grounds.
** APACHE CORP, $50.52, +5.16 pct
** EXXON MOBIL CORP, $84.12, +2.22 pct
** CHEVRON CORP, $90.28, +2.67 pct
** WHITING PETROLEUM CORP, $8.04, +13.40 pct
** W&T OFFSHORE INC, $3.26, +13.59 pct
** SOUTHWESTERN ENERGY CO, $8.86, +13.15 pct
** LINN ENERGY LLC, $1.8199, +81.99 pct
** ENERGY XXI LTD, $1.2595, +45.27 pct
** PEABODY ENERGY CORP, $4.19, +23.60 pct
** CNX COAL RESOURCES LP, $7.08, +6.47 pct
** TECK RESOURCES LTD, $8.22, +6.61 pct
** BHP BILLITON LTD, $29.27, +5.74 pct
** RIO TINTO PLC, $31.92, +5.28 pct
U.S.-listed stocks of oil and gas companies rose as Brent hit a 2016 high of $40 a barrel; three-month copper on London Metal Exchange fell 0.7 pct to $4,990 a tonne in official rings after surging 3.5 pct to 4-month peak Friday.
** FEDERATED NATIONAL HOLDING CO, $21.17, -12.27 pct
The insurer reported a lower-than-expected fourth-quarter profit as costs rise.
** SUPERIOR INDUSTRIES INTERNATIONAL INC, $23.04, +7.92 pct
The aluminum wheel maker reported higher-than-expected fourth-quarter revenue, helped by an 18.5 percent jump in wheel unit shipments.
** PIER 1 IMPORTS INC, $6.89, +25.73 pct
The home decor and furniture importer estimated fourth-quarter sales above the average analyst expectation, helped by promotions and clearance sales.
** YAMANA GOLD INC, $3.23, +4.53 pct
** ANGLOGOLD ASHANTI LTD, $13.14, +1.70 pct
** SIBANYE GOLD LTD, $14.22, +2.08 pct
** GOLD FIELDS LTD, $4.2, +2.44 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, $3.99, +6.68 pct
** ARCELORMITTAL SA, $5.11, +5.36 pct
** STEEL DYNAMICS INC, $20.26, +2.48 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.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $66.77, +8.91 pct
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)