June 30, 2016 / 6:27 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Hershey, HarborOne, Five Star Quality

(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 rose in afternoon trading on Thursday after Bank of England Governor Mark Carney raised the prospect of an interest rate cut following Britain's vote to leave the European Union. The Dow Jones Industrial Average was up 1.06 percent at 17,882.12, the S&P 500 was up 1.00 percent at 2,091.47 and the Nasdaq Composite was up 0.88 percent at 4,821.231.

** HERSHEY CO, $111.86, +15.15 pct

** MONDELEZ INTERNATIONAL INC, $44.98, +4.68 pct

Mondelez, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for chocolate and sugar confectionery company Hershey, a person familiar with the matter said on Thursday.


** STARZ, $30.46, +7.82 pct

Lions Gate, the film studio behind the Hunger Games movie franchise, said it would buy premium television network Starz for $4.4 billion in cash and stock, in a deal that would unite two media companies with ties to cable mogul John Malone.

** CARE.COM, $11.75, +38.72 pct

Google Capital invested $46.35 million in the online marketplace operator. Alphabet’s Google Capital became Care.Com’s top shareholder and got a board seat with the investment.

** MOBILEYE NV, $46.49, +10.80 pct

** INTEL CORP, $32.593, +2.08 pct

BMW is close to unveiling a development partnership for autonomous cars with Israeli collision detection software maker Mobileye and U.S. chip maker Intel, a source familiar with the matter said on Thursday.

** DARDEN RESTAURANTS INC, $63.7, -3.43 pct

The company reported lower-than-expected quarterly sales as fewer customers visited its Olive Garden restaurants.

** HARBORONE BANCORP INC, $13.0199, +30.20 pct

** SYROS PHARMACEUTICALS INC, $16.25, +30.00 pct

Shares of co-operative bank HarborOne Bancorp and biopharma company Syros Pharmaceuticals soared above their IPO price in market debut.

** HARVEST NATURAL RESOURCES INC, $0.8304, +73.61 pct

The oil and gas producer plans to exit Venezuela by selling all its assets to private investment firm CT Energy Holding SRL.

** TRANSITION THERAPEUTICS INC, $1.4775, +111.07 pct

Opko Health Inc is to buy the Canadian drug developer, which is developing drug candidates for diabetes and obesity, among others, in an all-stock deal valued at about $60 million, or $1.55 per share.

** FIVE STAR QUALITY CARE INC, $2.36, +41.32 pct

The healthcare service provider announced a sale and leaseback transaction with REIT Senior Housing Properties Trust , its No.1 shareholder.

** COSTAMARE INC, $7.6, -15.84 pct

Morgan Stanley downgraded the marine transportation services provider’s stock to “equal-weight”, cut price target to $7.5 from $12, citing a “prolonged weakness in the container shipping industry and growing macro uncertainties after the Brexit vote.”

** HIGHER ONE HOLDINGS INC, $5.105, +36.13 pct

The payment processing and refund disbursement services provider will be bought by education technology company Blackboard Inc’s affiliate for $5.15 per share.

** SHUTTERSTOCK INC, $45.43, +6.29 pct

The stock image provider is to replace Southwest Gas Corp on the S&P SmallCap 600 index.

** ALLY FINANCIAL INC, $16.6, +4.14 pct

The U.S. auto lender is to pay its first quarterly dividend of $0.08 per share, following the Fed’s approval of its 2016 capital plan.

** CEMTREX INC, $3.73, +7.49 pct

The custom-designed cables and connectors maker said it received $12 million in new orders over the past month, its strongest monthly bookings in history.


The drugmaker announced a public offering of $400 million convertible senior notes due 2023.


The wireless device software maker slashed its FY 2016 revenue forecast to $2-$4 million from $7-$10 million, hurt by strong competition in the wireless system solution business.

** ANHEUSER-BUSCH INBEV SA, $131.28, +3.94 pct

South Africa’s Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday.


Morgan Stanley cut the bank’s rating to “equalweight”, price target to 210p from 290p. MS analysts cut 2018 EPS forecasts for UK domestic banks by 12-27 percent, given weaker UK GDP and lower-for-longer rates.

** TRACTOR SUPPLY CO, $91.77, -3.57 pct

The farm supplies and animal care products company reduced its revenue and earnings forecast, saying lower-than-average spring temperatures clipped its sales in April and May.

** INTEROIL CORP, $45, +6.99 pct

The oil and gas producer, which agreed last month to be acquired by Australia’s Oil Search Ltd, said it had received an unsolicited offer from an unnamed bidder.

** STONE ENERGY CORP, $11.34, +15.48 pct

The oil and gas company entered into an interim gas gathering and processing agreement with Williams Cos Inc , allowing Stone Energy to resume production at the Mary field in Appalachia.

** TESARO INC, $81.58, +5.40 pct

The cancer drug maker launched a public follow-on offering. It is set to price the offering after market close on Thursday. The company is offering $300 million of common stock with a $45 million overallotment option.

** CONSTELLATION BRANDS INC, $164.16, +2.99 pct

The alcoholic beverage maker reported a bigger-than-expected 15 percent jump in quarterly net sales, helped by higher demand for its Corona and Modelo beers during the Memorial Day weekend.

** PIER 1 IMPORTS INC, $4.96, -8.82 pct

The home decor and furniture importer posted lower-than-expected first-quarter revenue and same-store sales on weak demand for its outdoor furniture.

** EP ENERGY CORP, $5.21, -9.86 pct

** CALIFORNIA RESOURCES CORP, $12.15, -8.65 pct

** WHITING PETROLEUM CORP, $9.18, -4.97 pct

** RESOLUTE ENERGY CORP, $2.93, -5.48 pct

** OASIS PETROLEUM INC, $9.34, -6.32 pct

Oil producers down as oil fell as much as 2.1 percent to $49.53/bbl after a three-day rise. Oil fell, pressured by returning Nigerian and Canadian output after supply outages. (Compiled by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)

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