Thursday September 24, 07:09 PM
HEADLINE STOCKS-Some U.S. stocks on the move on Sept. 24
NEW YORK, Sept 24 (Reuters) - Some U.S. stocks on the move on Thursday:
CITIGROUP INC (NYSE: C - news) , $4.44, down 1.8 pct
The bank plans to cut down its U.S. branch network to six big metropolitan areas, according to a late Wednesday report in the Wall Street Journal, which cited people familiar with the situation.
ELECTRONIC ARTS INC, $19.17, down 3.3 pct
A Microsoft Corp (NASDAQ: MSFT - news) executive said the software company had no plans to buy Electronic Arts (NASDAQ: ERTS - news) , shooting down unsubstantiated talk of a potential bid that triggered a spike in the video game publisher's shares.
CHELSEA THERAPEUTICS, $2.64, down 62 pct
The company said its experimental drug to treat neurological disorder missed the main goal of a late-stage study.
GAYLORD ENTERTAINMENT CO, $20.39, down 6.5 pct
The company raised its share offering by 1 million shares to 6 million shares and priced it at $21.80 apiece, on par with Wednesday's closing price.
DENDREON CORP, $26.52, down 6.2 pct
The company plans to seek U.S. approval for its closely watched Provenge prostate cancer vaccine in November (Frankfurt: A0Z24E - news) and expects regulators to act on the application by the middle of next year.
OVERSEAS SHIPHOLDING GROUP ING, $38.83, down 2.3 pct
OSG AMERICA LP, $10.13, up 16 pct
Overseas raised its offer price for OSG (Berlin: OSG.BE - news) by 28 percent to $10.25 per unit in cash.
ALTRA HOLDINGS INC (NASDAQ: AIMC - news) , $10.80, up 5.7 pct
Banc of America-Merrill Lynch (NYSE: MER - news) upgraded the stock to 'buy' from 'neutral,' seeing some early signs of improvement in its end markets.
ALEXANDRIA REAL ESTATE EQUITIES INC, $52.64, down 7.2 pct
The company said its follow-on public offering of 4 million shares was priced at $53.25 a share, a discount of 6 percent to the stock's Wednesday's close on the New York Stock Exchange.
FRANKLIN ELECTRIC CO, $29.88, down 6.9 pct
KeyBanc downgraded the company to 'hold,' saying near-term earnings visibility at the company was challenged as fueling activity in California appeared lackluster.
CONEXANT SYSTEMS INC, $2.81, down 17 pct
The company's public offering of 7 million shares was priced at $2.85 per share, a 16 percent discount to its Monday closing.
VISA INC, $73.78, down 0.2 pct
MASTERCARD INC (NYSE: MA - news) , $215.15, down 1.9 pct
The GVH, Hungary's competition authority, ruled that the two companies formed an illegal bank card intercharge-fee cartel.
RITE AID CORP (NYSE: RAD - news) , $1.75, down 10 pct
The company posted a narrower quarterly loss as cost cuts helped offset a decline in sales, but trends remain negative, leading it to forecast a deeper loss for the year.
SCHOLASTIC CORP (NASDAQ: SCHL - news) , $23.02, down 5.3 pct
The company reported a first-quarter loss.
RED HAT INC, $28.20, up 13 pct
Several brokerages raised their price targets on the company a day after it reported quarterly results that beat expectations.
CITRIX SYSTEMS INC, $37.66, up 4.2 pct
Goldman added the company to its 'conviction buy list,' saying the infrastructure software maker is in a strong position to address multiple facets of the theme of virtualization.
VAIL RESORTS INC, $36.23, up 1.3 pct
The company reported a fourth-quarter loss that was narrower than expected.
VICAL INC (VICL - news) , $4.39, up 4 pct
The company said a peptide-based cancer vaccine formulated with its adjuvant, Vaxfectin, showed strong immune responses and reduced numbers of tumors in rodents.
STEELCASE INC, $6.50, down 5.4 pct
The company reported its second-quarter results.
3COM CORP, $5.02, up 5 pct
The company reported first-quarter earnings that beat expectations.
AMERICAN GREETINGS CORP, $18.77, up 25 pct
The company reported a steep increase in its second-quarter earnings and raised its 2010 cash flow outlook.
SUNOPTA INC (NASDAQ: STKL - news) , $3.72, down 3.5 pct (U.S. shares)
The company agreed to settle claims raised in proposed class action proceedings related to the restatement of its interim financial results for the first three quarters of 2007. Sunopta also will contribute about $11.3 million to a settlement fund.
HERCULES OFFSHORE INC (NASDAQ: HERO - news) , $5.48, down 13 pct
The offshore driller late Wednesday said it plans to offer up to 17.5 million shares in a public offering to repay debt.
BSD MEDICAL CORP (BSM.PH - news) , $3.18, down 15 pct
The company late Wednesday said it was offering mixed shelf of up to $50 million.
COPART INC (NASDAQ: CPRT - news) , $33.21, down 13 pct
The company late Wednesday reported fourth-quarter earnings that missed expectations.
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS HEADLINES Keywords: MARKETS STOCKS HEADLINES Keywords: MARKETS STOCKS HEADLINES Keywords: MARKETS STOCKS HEADLINES Keywords: MARKETS STOCKS HEADLINES
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