Cavium and Marathon Oil skid, while Kroger and Newmont riseComments Off on Cavium and Marathon Oil skid, while Kroger and Newmont rise
(AP) Stocks that moved substantially or traded heavily on Thursday:
AmSurg Corp., up 93 cents to $ 78.43
The ambulatory surgery center operator said it will combine with ambulance service and emergency health care company Envision Healthcare Holdings.
Newmont Mining Corp., down 63 cents to $ 35.61
Mining companies traded higher as the price of gold continued to rise.
Kroger Co., down 24 cents to $ 35.47
The supermarket chain’s first-quarter profit was larger than Wall Street anticipated.
Macy’s Inc., up 41 cents to $ 32.35
The retailer announced a tentative deal with union representing workers at its flagship New York City store, avoiding a possible strike.
Cavium Inc., down $ 8.40 to $ 36.90
The chipmaker said it will buy computer networking equipment supplier QLogic for $ 15.50 per share, or about $ 1.29 billion.
Marathon Oil Corp., down 39 cents to $ 12.67
Energy companies struggled again as oil prices slumped for the sixth day in a row.
Merck & Co., up $ 1.41 to $ 57.50
The company said its drug Keytruda extended the lives of patients with lung cancer in a clinical trial.
Consolidated Edison Inc., up 64 cents to $ 77.95
Utility companies outperformed the market as bond yields kept falling, which made utility stocks more attractive.