June 13, 2016 / 2:17 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-LinkedIn, Microsoft, Sturm Ruger, Eleven Bio

(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) Wall Street opened lower for the third straight trading day, pulled down by Microsoft, ahead of the Federal Reserve's policy meeting starting Tuesday. Dow Jones industrial average futures were down 0.15 percent at 17,840, S&P 500 futures were down 0.13 percent at 2,093.5 and Nasdaq 100 futures were down 0.37 percent at 4,449.25.

** LINKEDIN CORP $192.86, +47.13 pct

** MICROSOFT CORP $49.795, -3.27 pct

Microsoft agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant’s fast-growing cloud services business with the world’s largest online network for professionals. Microsoft was the biggest drag on all three major indexes.

** SMITH & WESSON HOLDING CORP, $22.65, +5.79 pct

** STURM RUGER & CO INC, $61.42, +6.98 pct

Man armed with assault rifle pledging loyalty to Islamic State killed 50 people during a gay pride celebration at an Orlando nightclub on Sunday. Shares of the gunmakers often rise on expectations of increased sales due to fears of potential gun control policies.


The company said it plans to stop developing therapy for drug-resistant focal onset seizures in adults after it failed a late-stage trial

** ELEVEN BIOTHERAPEUTICS INC, $2.7999, +49.73 pct

The drug developer entered into an exclusive license agreement with Swiss drugmaker Roche Holdings AG under which Roche will develop and commercialize Eleven’s eye drug

** AGIOS PHARMACEUTICALS INC, $51.3, +1.90 pct

The drug developer presented encouraging data on lead drug, AG-348, to treat a rare inherited disease called PK deficiency, which is characterized by accelerated destruction of red blood cells, at a medical meeting on Saturday.

** PENN WEST PETROLEUM, $1.36, +47.84 pct

The company said on Friday it would sell its Saskatchewan assets, which include holdings in the Viking region, for $975 mln.

** FACEBOOK INC, $114.61, -1.72 pct

Influential short-seller Citron Research's Andrew Left says short on Facebook - CNBC. "Facebook is losing an extensive amount of relevancy," Left tells CNBC. (cnb.cx/1YlCE6x)

** APPLE INC, $97.37, -1.48 pct

The company is expected to show off new abilities for its Siri digital assistant on Monday by debuting tools to let developers work with the company’s artificial intelligence.

** SKYLINE MEDICAL INC, $0.2052, +14.00 pct

The company said its FDA-approved STREAMWAY System will now be available to the U.S. Federal Government Facilities.

** SYMANTEC CORP, $18.07, +4.45 pct

The company said it would buy privately held cyber security company Blue Coat for $4.65 billion in a cash deal that will ramp up Symantec’s enterprise security business. (Compiled by Rishika Sadam in Bengaluru; Edited by Don Sebastian)

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