November 28, 2016 / 2:18 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Time Inc, Cognizant, Idera, Recro Pharma

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U.S. stocks looked set to open lower on Monday, after the three major indexes extended their post-election rally and closed at record highs last Friday.

Dow Jones industrial average futures were down 0.27 percent at 19,093, S&P 500 futures were down 0.24 percent at 2,206 and Nasdaq 100 futures were down 0.13 percent at 4,862.25.

** TIME INC, Friday close $13.80, +11.59 pct premarket

The publisher of People and Fortune magazines has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Friday close $53.25, +10.14 pct premarket

Elliott management sent a letter to the IT services provider outlining a value-enhancement plan.

** IDERA PHARMACEUTICALS INC, Friday close $1.83, +12.57 pct premarket

The drugmaker signed an agreement with Vivelix Pharmaceuticals Ltd, granting the company worldwide rights to develop and market IMO-9200, a treatment for digestive tract disorders.

** RECRO PHARMA INC, Friday close $7.76, +18.56 pct premarket

The drug developer said its postoperative pain treatment, IV meloxicam, met the main goal of lowering intensity of pain from tummy tuck surgery in the second late-stage trial.

** MEDIGUS LTD, Friday close $0.97, +13.40 pct premarket

The Israeli medical device maker posted a smaller third-quarter operating loss.

** FANG HOLDINGS LTD, Friday close $3.43, -3.79 pct premarket

The Chinese property website operator reported lower-than-expected third-quarter revenue and cut its revenue forecast for the full year.

** FIRST MAJESTIC SILVER CORP, Friday close $8.30, +2.41 pct premarket

** HARMONY GOLD MINING CO LTD, Friday close $2.27, +2.20 pct premarket

** ANGLOGOLD ASHANTI LTD, Friday close $10.88, +2.94 pct premarket

** BARRICK GOLD CORP, Friday close $14.76, +1.90 pct premarket

** YAMANA GOLD INC, Friday close $2.92, +1.03 pct premarket

U.S.-listed stocks of gold miners were up as gold rose over 1 percent, recovering from near 10-month lows, as the U.S. dollar extended losses after touching a near 14-year high last week.

** CENTENNIAL RESOURCE DEVELOPMENT INC, Friday close $15.31, +6.86 pct premarket

Privately held Silverback Exploration LLC will sell oil and gas assets in the Delaware Basin, Texas, for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC.

** JOHNSON & JOHNSON, Friday close $114.13, +0.24 pct premarket

The U.S. healthcare company said on Friday it was in preliminary talks with Actelion about a potential takeover of Europe’s largest biotech firm, currently valued at about $20 billion. (Compiled by John Benny in Bengaluru; Edited by Martina D’Couto)

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