Lower open on flat producer prices

The markets opened lower with the Dow losing 38 points to 16,292 on flat producer prices. Nasdaq fell 22 points to 4,774.

On the upside

Siris Capital Group will pay a premium of approximately $1 billion in cash to acquire Premiere Global Services (NYSE: PGI).

Shares of Vivus (Nasdaq: VVUS) extended its gains.

Arrowhead Research (Nasdaq: ARWR) nominated ARC-HIF2 as its first therapeutic candidate delivered using a new Dynamic Polyconjugate.

On the downside

Marvell Technology Group (Nasdaq: MRVL) initiated an investigation into certain accounting and internal control matters and reported a preliminary loss for the second quarter.

Energy Focus (Nasdaq: EFOI) priced its follow-on offering of common stock at the discounted price of $17.00 per share.

Finisar (Nasdaq: FNSR) chief executive Eitan Gertel resigned and the company reported first quarter results that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 7 points to 1,945. Bitcoin eased a fraction to $238.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.