Cavium and Marathon Oil skid, while Kroger and Newmont rise

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(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.

Bay News 9 – business

June 17, 2016 |
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