HEADLINE STOCKS-Some U.S. stocks on the move on June 24

Wed Jun 24, 2009 1:39pm EDT
 
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(Updates to afternoon trading, adds Atlas Pipeline, Osiris, Oculus, MEMC Electronics, Chemspec, Time Warner Cable, Ista, Amerigroup and OncoGenex)

NEW YORK, June 24 (Reuters) - Some U.S. stocks on the move on Wednesday:

BOEING CO (BA.N)

Morgan Stanley downgraded the plane maker to "equal weight," a day after it again delayed the first flight of its 787 Dreamliner aircraft. [ID:nBNG544538]

Shares of the Dow component fell 3.5 percent to $42.33.

WELLS FARGO & CO (WFC.N)

Citigroup said Wells Fargo could see a strong second quarter because of higher core mortgage results. The firm wrote in a research note that Wells could give a bullish outlook and could see relatively good net interest income. [ID:nBNG457357]

Shares of Wells Fargo rose 2.3 percent to $23.44.

MONSANTO CO (MON.N)

The maker of agricultural products reported third-quarter profit fell 14 percent and said it planned a restructuring that would cut about 900 workers. [ID:nN24155884]

Shares fell 3.1 percent to $76.88.

ONCOGENEX PHARMACEUTICALS INC (OGXI.O)

The company reached an agreement with U.S. health regulators to amend the design of a late-stage trial of its lead prostate cancer drug. [ID:nBNG481391]

Shares rose 16.2 percent to $22.56.

ISTA PHARMACEUTICALS INC (ISTA.O)

No serious safety problems were reported in studies of Ista's proposed eye drops for allergy-related itching, U.S. drug reviewers said in documents released on Wednesday. [ID:nN24340982]  Continued...

 

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