The markets traded flat during the midday with the Dow adding 13 points to 18,133 as durable goods orders dropped last month. Nasdaq slipped 2 points to 5,151.
On the upside
Momo (Nasdaq: MOMO) co-founder and chief executive Yan Tang along with three investment firms offered to take Momo private for a premium of $18.90 per American Depositary Share.
Bargain hunters lifted shares of Magnum Hunter Resources (NYSE: MHR).
Key Energy Services (NYSE: KEG) named Robert Drummond to the position of president and chief operating officer.
On the downside
CorEnergy Infrastructure Trust (NYSE: CORR) will offer 11.25 million common shares through a public offering and $75 million of unsecured convertible senior notes.
Synergy Pharmaceuticals (Nasdaq: SGYP) initiated the second Phase 3 clinical trial of plecanatide to treat irritable bowel syndrome with constipation.
BlackBerry (Nasdaq: BBRY) reported a wider than expected loss for the first quarter as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2122. Bitcoin slipped $3 to $244.
Markets flat as durable goods orders drop
June 23, 2015 at 12:52 PM EDT