December 22, 2016 / 6:20 PM / 9 months ago

BUZZ-U.S. STOCKS ON THE MOVE-Micron, Uranium Resources, Conagra

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U.S. stocks slipped in light trading on Thursday ahead of the holiday season, pulling the Dow Jones Industrial Average further away from 20,000, a level it has never breached.

The Dow Jones Industrial Average was down 0.14 percent at 19,914.47, the S&P 500 was down 0.27 percent at 2,259.09 and the Nasdaq Composite was down 0.50 percent at 5,444.3.

** MICRON TECHNOLOGY INC, $23.11, +12.29 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, $69.96, -12.32 pct

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

** OVASCIENCE INC, $1.4101, -52.52 pct

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

** APPLE INC, $115.93, -0.97 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, $11.7, +11.22 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.

** NAVIOS MARITIME HOLDINGS INC, $1.5, +20.97 pct

The shipping company won arbitration against Brazilian mining major Vale International S.A. over a 20-year contract for an under-construction iron ore port in Nueva Palmira, Uruguay.

** URANIUM RESOURCES INC, $1.2622, +15.80 pct

Shares of the uranium producer rose after President-elect Donald Trump tweeted about expanding U.S. nuclear capabilities.

** IRONWOOD PHARMACEUTICALS INC, $15.395, -3.84 pct

The company with partner Allergan announced mid-stage data involving two versions of their linaclotide drug, which is approved to treat irritable bowel syndrome with constipation.

** FLOTEK INDUSTRIES INC, $9.65, +3.21 pct

The company said MHA Petroleum Consultants confirmed in a letter that there was a significant increase in oil recovery per foot when it used a a Flotek additive.

** CATABASIS PHARMACEUTICALS INC, $3.81, +6.13 pct

H.C. Wainwright began coverage of the stock with a “buy” rating on the drug developer’s stock and a $14 price target.

** AAR CORP, $34.23, -8.87 pct

The aircraft maintenance providers’ quarterly revenue slipped 1.78 percent due to lower sales at its aviation services division.

** IMPRIMIS PHARMACEUTICALS INC, $2.3372, +16.28 pct

The company and FocusScript LLC launched Correct Compound program, which combines low-cost alternative compounded medications with a billing and claims management platform.

** CONAGRA BRANDS INC, $39.24, +3.26 pct

The maker of Chef Boyardee pasta and Orville Redenbacher’s popcorn reported a better-than-expected quarterly profit, helped by less discounting and lower costs.

** PRIMA BIOMED LTD, $0.74, +5.40 pct

The Australian biotech company said its breast cancer drug succeeded in a mid-stage trial.

** SECOND SIGHT MEDICAL PRODUCTS INC, $2.1898, +12.88 pct

The eye drug maker said the publicly funded National Health Service system would fund treatment of retinitis pigmentosa, a chronic hereditary eye disease characterized by black pigmentation and gradual degeneration of the retina, with Argus II bionic eye.

** CEMTREX INC, $5.5165, +14.69 pct

The air filtration equipment maker reported a 65 percent jump in fiscal 2016 revenue, boosted by acquisitions.

** CALAMP CORP, $14.77, -6.10 pct

The wireless device maker reported lower-than-expected quarterly products and services revenue, due to delays in two large international orders.

** TRINET GROUP, $26.4, +3.73 pct

Private company Atairos Group Inc said it would buy a stake of about 26 percent in human resources services provider Trinet from investment firm General Atlantic LLC, becoming the largest shareholder.

** HARVEST NATURAL RESOURCES INC, $6.15, +5.49 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, $1.3296, +31.64 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, $41.7024, -8.47 pct

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

** RENREN INC, $1.72, +4.24 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, $5.558, +1.05 pct

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

** AURINIA PHARMACEUTICALS INC, $2.13, -21.69 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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