December 20, 2016 / 3:22 PM / 9 months ago

CORRECTED-BUZZ-U.S. STOCKS ON THE MOVE-Fred's, Conatus, Akebia, Nvidia

(Corrects company name in last item to NeoPhotonics Corp from NeoPhotonics Inc. The error also appeared in an earlier version of the story) Gains in financial stocks pushed the Dow to a record high and just 35 points short of 20,000, a level it has never touched.

The Dow Jones Industrial Average {.DJI;PCTCHNG:2,LAST; [F1>0] was up F1 percent at F2 [F1<0] was down -F1 percent at F2 was unchanged at F2}, the S&P 500 {.SPX;PCTCHNG:2,LAST; [F1>0] was up F1 percent at F2 [F1<0] was down -F1 percent at F2 was unchanged at F2} and the Nasdaq Composite {.IXIC;PCTCHNG:2,LAST; [F1>0] was up F1 percent at F2 [F1<0] was down -F1 percent at F2 was unchanged at F2}.

** FRED‘S INC, {FRED.O;$LAST}, {FRED.O;+PCTCHNG:2} pct

** RITE AID CORP, {RAD.N;$LAST}, {RAD.N;+PCTCHNG:2} pct

** WALGREENS BOOTS ALLIANCE INC, {WBA.O;$LAST}, {WBA.O;+PCTCHNG:2} pct

Rite Aid Corp, which is being acquired by Walgreens Boots Alliance, said it would sell 865 stores to Fred’s for $950 million in cash.

** GENERAL MILLS INC, {GIS.N;$LAST}, {GIS.N;+PCTCHNG:2} pct

The Cheerio’s cereal owner reported lower-than-expected quarterly profit and sales, hurt by weak demand for its Yoplait yogurt and Progresso soups in the United States, its biggest market.

** ADVANCED MICRO DEVICES INC, {AMD.O;$LAST}, {AMD.O;+PCTCHNG:2} pct

** NVIDIA CORP, {NVDA.O;$LAST}, {NVDA.O;+PCTCHNG:2} pct

A Mizuho analyst upgraded Advanced Micro Devices to “buy” from “neutral”. The brokerage also raised Nvidia’s price target to $115 from $80.

** BLACKBERRY LTD, {BBRY.O;$LAST}, {BBRY.O;+PCTCHNG:2} pct

The company posted another loss and a surprisingly sharp fall in revenue on Tuesday as the software growth it is relying on failed to make up for shrinking handset sales and lost service fees.

** CONATUS PHARMACEUTICALS INC, {CNAT.O;$LAST}, {CNAT.O;+PCTCHNG:2} pct

Multiple brokerages raised price targets on Conatus Pharmaceuticals after Swiss drugmaker Novartis said it signed a licensing deal to co-develop a fatty liver disease drug with the drugmaker, under which the small U.S. company will receive $50 million up front.

** AKEBIA THERAPEUTICS INC, {AKBA.O;$LAST}, {AKBA.O;+PCTCHNG:2} pct

The drug developer said it signed a co-development and marketing deal worth up to $1 billion with Japan’s Otsuka Holdings Co Ltd.

** ACADIA PHARMACEUTICALS INC, {ACAD.O;$LAST}, {ACAD.O;+PCTCHNG:2} pct

The company said its drug to treat psychosis in patients suffering from Alzheimer’s disease met its main goal in a mid-stage study.

** NAVISTAR INTERNATIONAL CORP, {NAV.N;$LAST}, {NAV.N;+PCTCHNG:2} pct

The truck and engine maker’s revenue fell for the seventh straight quarter due to lower sales of its heavy-duty trucks.

** CARNIVAL CORP, {CCL.N;$LAST}, {CCL.N;+PCTCHNG:2} pct

The world’s largest cruise operator reported higher-than-expected quarterly revenue and profit, helped by an increase in ticket prices and onboard spending.

** NEOPHOTONICS CORP, {NPTN.N;$LAST}, {NPTN.N;+PCTCHNG:2} pct

The telecom network equipment maker said it would sell its low-speed transceiver business to China-based APAT Optoelectronics Components for $26.4 million. (Compiled by Sruthi Shankar in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below