December 2, 2016 / 3:27 PM / a year ago

BUZZ-U.S. STOCKS ON THE MOVE-Starbucks, Smith & Wesson, Neovasc, Workday

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, here ; for the Morning News Call newsletter, here ) The S&P 500 rose in morning trade on Friday, lifted by gains in consumer staples and utility stocks, while the Dow was weighed down by declines in bank shares.

The Dow Jones Industrial Average was down 0.14 percent at 19,165.32, the S&P 500 was up 0.09 percent at 2,193 and the Nasdaq Composite was down 0.18 percent at 5,241.71.

** STARBUCKS CORP , $56.89, -2.77 pct

The coffee chain’s co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive.

** TELEFLEX INC , $152.44, +4.39 pct

** VASCULAR SOLUTIONS INC , $56, +1.63 pct

Medical device maker Teleflex said it agreed to buy peer Vascular Solutions for about $1 billion as it looks to expand its existing businesses.

** SMITH & WESSON HOLDING CORP , $21.555, -10.11 pct

The gun maker’s sales and earnings forecast for the third-quarter were below analysts’ estimates.

** G-III APPAREL GROUP LTD , $28.02, +4.24 pct

The apparel and accessories maker cut its full-year adjusted profit and sales forecast for 2017 and said there will be additional pressure on its retail business in the fourth quarter.

** FIVE BELOW INC , $43.721, +9.63 pct

The teen apparel retailer reported a better-than-expected third-quarter profit.

** FAIRMOUNT SANTROL HOLDINGS, $8.85, -7.04 pct

ASP FML Holdings LLC, an affiliate of private-equity firm American Securities LLC, sold 20 million of the frac sand supplier’s shares, lowering its ownership stake to about 23 percent from 32 percent.

** NEOVASC INC, $0.788, +53.37 pct

** BOSTON SCIENTIFIC , $20.41, +1.59 pct

Boston Scientific will buy Neovasc’s tissue processing technology and facility for $67.9 million. Boston Scientific will also buy a 15 percent stake in the Canadian medical device maker at 60 cents per share, for total proceeds of $7.1 million.

** WORKDAY INC, $67.8, -16.91 pct

The human resources software seller’s fourth-quarter revenue forecast fell below estimates.

** CTI BIOPHARMA CORP, $0.5001, +13.02 pct

Study has shown that the drug developer’s experimental blood cancer drug, Pacritinib, has distinct profile amongst JAK inhibitors.

** PERSHING GOLD CORP, $3.562, -5.27 pct

The gold miner raised gross proceeds of about $7.5 million from the sale of 2.2 million shares, or about 8 percent of total outstanding shares.

** SQUARE INC, $13.04, +2.60 pct

Deutsche Bank upgraded the company’s stock to “buy” from “hold” and raised its target price, saying the mobile payments company is well positioned to capitalize on positive trends in the industry.

** AMERICAN AIRLINES GROUP INC , $46.37, +1.36 pct

The U.S. airline said it would cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. president. (Compiled by John Benny in Bengaluru)

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