December 22, 2016 / 3:25 PM / 10 months ago

BUZZ-U.S. STOCKS ON THE MOVE-Micron, Weight Watchers, Renren

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U.S. stocks were lower in light trading on Thursday as a fall in Apple’s shares weighed.

The Dow Jones Industrial Average was down 0.09 percent at 19,924.99, the S&P 500 was down 0.15 percent at 2,261.7 and the Nasdaq Composite was down 0.18 percent at 5,461.372.

** MICRON TECHNOLOGY INC, $23.41, +13.75 pct

The chipmaker forecast current-quarter revenue and profit above estimates as a stabilizing PC market spurs demand and boosts prices of its memory chips.

** RED HAT INC, $69.75, -12.58 pct

The Linux OS distributor reported lower-than-expected quarterly revenue, prompting at least two brokerages to downgrade the stock.

** OVASCIENCE INC, $1.7001, -42.76 pct

The fertility treatment provider said it would slow commercial expansion of its fertility treatment Augment, citing insufficient near-term financial return.

** APPLE INC, $116.33, -0.62 pct

Nokia Corp said on Wednesday it had filed a number of lawsuits against the iPhone maker for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier.

** WEIGHT WATCHERS INTERNATIONAL INC, $12.28, +16.73 pct

The weight management company introduced new advertising campaign in the U.S. featuring Oprah Winfrey. Two new TV ads will air on Dec 26.

** HARVEST NATURAL RESOURCES INC, $6.12, +4.97 pct

The oil and gas producer said it would sell all of its oil and gas assets in Gabon for $32 million to Singapore-based private company BW Energy Gabon.

** TOKAI PHARMACEUTICALS INC, $1.61, +59.41 pct

Tokai and privately held Otic Pharma Ltd announced that the two companies, together with Otic Pharma shareholders, entered into a definitive share purchase deal under which Otic Pharma shareholders would become majority owners of Tokai.

** HERMAN MILLER INC, $34.6, -2.54 pct

The furniture maker reported quarterly sales below analysts’ estimate on Wednesday, citing lower-than-expected orders.

** BED BATH & BEYOND INC, $43.31, -4.94 pct

The home furnishing retailer reported third-quarter profit well below analysts’ estimate, hurt by higher costs.

** RENREN INC, $1.73, +4.85 pct

Chinese social networking company said it formed a special committee to review the terms of a proposed spin-off of its new subsidiary.

** XOMA CORP, $5.64, +2.55 pct

The drug developer entered into two royalty interest acquisition agreements with Healthcare Royalty Partners II.

** AURINIA PHARMACEUTICALS INC, $2.05, -24.63 pct

The Canadian drug developer announced a sale of 11.1 million shares in a $25 million bought deal financing. (Compiled by Sruthi Shankar in Bengaluru)

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