February 26, 2015 / 2:58 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Magnegas, LKQ Corp, Taser, Ballard Power

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U.S. stocks opened little changed on Thursday in the wake of a mixed bag of economic data, after the Dow edged up to a new record a day earlier and the Nasdaq snapped a 10-session winning streak. The Dow Jones industrial average was down 0.22 percent at 18,183.8, the S&P 500 was down 0.29 percent at 2,107.69 and the Nasdaq Composite was up 0.04 percent at 4,969.26.

** MAGNEGAS CORP, $0.9134, +7.46 pct

Two Rivers Demolition Inc, a Northern California-based provider of demolition services, chose MagneGas for fuel for its demolition project.

** TASER INTERNATIONAL INC, $23.6, -12.75 pct

The stun gun and wearable camera maker reported a lower-than-expected fourth-quarter profit, hurt by increased costs.

** LKQ CORP, $23.65, -15.08 pct

The vehicle parts supplier reported a lower-than-expected fourth-quarter profit and revenue, hurt by falling scrap metal prices and a stronger dollar.


The company, which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.

** GENETIC TECHNOLOGIES LTD, $6.66, +3.74 pct

The Australia-based molecular diagnostics company appointed Eutillio Buccilli as CEO following the resignation of Allison Mew. Buccilli joined the company in June 2014 as CFO.


The quick-service restaurant chain operator said it expects same-store sales growth of 3.5-4.5 percent for 2015 compared with a 6.2 percent rise in the previous year.

** AMC NETWORKS INC, $70.67, +2.17 pct

The television network, home to “Mad Men” and “The Walking Dead”, reported a 40 percent rise in quarterly revenue as the cable TV network posted strong growth in its domestic and international businesses.

** BALLARD POWER SYSTEMS INC, $2.425, -11.50 pct

The fuel cell maker reported a bigger fourth-quarter loss and lower revenue, hurt by lower-than-expected sales in its telecom backup power business and termination of licensing contracts in China.

** NOBLE ENERGY INC, $47.2, -5.24 pct

The oil and gas producer plans a public offering of 21 million shares. The company had 362 million shares outstanding.

** EMULEX CORP, $7.98, +25.47 pct

** AVAGO TECHNOLOGIES LTD, $125.95, +11.78 pct

Avago Technologies offered to buy Emulex for $8 per share in cash, valuing the deal at $606 million. The offer represented a premium of 26 percent to Emulex’s Wednesday close.

** MERCADOLIBRE INC, $133.81, -0.31 pct

Piper Jaffray raised its price target on the Latin American online retailer’s stock to $165 from $155, while Stifel Nicolaus raises it to $160 from $155.

“The company’s business model of tying a marketplace together with payments and a third-party shipping platform is yielding increasing market share in a growing secular theme,” Piper Jaffray analysts wrote.

** MOBILEYE NV, $37.28, +5.64 pct

The driver-assistance system maker posted fourth-quarter revenue and profit above estimates, helped by strong demand for its camera-based systems that help drivers avoid collisions.

** NEWFIELD EXPLORATION CO, $33.06, -8.17 pct

The oil and gas producer said it will offer 18 million shares of its common stock. The company had 137.4 million shares outstanding, according to Thomson Reuters data.

** ATOSSA GENETICS INC, $2.49, +55.63 pct

The cancer test maker’s FullCYTE Breast Aspirator, used to collect fluid from breasts for tests, will be sold by unit of Henry Schein Inc.

** 3D SYSTEMS CORP, $31.31, +4.30 pct

The 3D printer maker’s quarterly revenue jumped 21 percent.

** GOGO INC, $17.9165, +2.44 pct

The in-flight Internet provider gave a full-year revenue forecast range that was largely above analysts’ average expectation, driven by a surge in demand from commercial and business aviation clients.

** TORONTO-DOMINION BANK, $43.96, +1.20 pct

Canada’s second-largest lender reported a marginally higher quarterly profit, held back by its wholesale banking business.

** CHICO’S FAS INC, $17.63, +1.56 pct

The women’s apparel retailer said it had cut jobs and would shut about 120 stores by 2017 to save costs.

** COLLABRX INC, $1.55, -30.49 pct

The cancer data analysis provider priced an offering of 2.4 million shares at $1.27 per share, a 43 percent discount to their Wednesday close. The company had 7.35 million shares outstanding.

** SEARS HOLDINGS CORP, $35.5, -6.33 pct

The owner of Sears department stores reported a narrower quarterly loss as it continued to slash costs and said it would launch a planned property trust by June, raising at least $2 billion for the struggling U.S. retailer.

** KOHL’S CORP, $70.58, -0.45 pct

The department store operator said sales and general administrative expenses will increase more in the first quarter than the rest of the year on higher store expenses and investment.

** UIL HOLDINGS CORP, $50.49, +19.28 pct

Spanish utility Iberdrola SA will buy UIL Holdings for about $3 billion to create a new listed power and electric utility and expand in the United States.

** CYBERONICS INC, $75, +24.23 pct

The medical device maker has agreed to buy Sorin SpA in an all-stock deal that the Italian company said values it at about $1.4 billion.

** BANK OF AMERICA CORP, $16.33, -0.97 pct

The bank on Wednesday said it reached a $300 million settlement of a lawsuit brought by lenders that helped finance construction of the failed Fontainebleau Resort and Casino in Las Vegas, which filed for bankruptcy protection in June 2009.

** SALESFORCE.COM INC, $69.67, +10.82 pct

The cloud software company raised its full-year revenue forecast, betting on strong demand for its web-based sales and marketing software and services.

** WESTERN REFINING INC, $44.78, +2.61 pct

The company reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins.


The fitness club owner said its board was evaluating a sale of the company and retained Deutsche Bank Securities Inc to assist the process.

** FRONTLINE LTD, $2.77, +13.99 pct

Operating profit at the Norwegian tanker firm beat forecasts and the company said it expected earnings to improve further this year, benefiting from an oil glut that has pushed down prices of the commodity. (Compiled by Sneha Banerjee in Bengaluru; Editing by Joyjeet Das)

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