Share this story...
Latest News

AOL and Rackspace are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

AOL Inc., up $7.93 to $50.52

The Internet company is being bought by Verizon Communications Inc. in a $4.4 billion cash deal.

Rackspace Hosting Inc., down $7.17 to $45.96

The cloud computing company met first-quarter profit expectations, but its revenue results fell short of forecasts.

ITT Educational Services Inc., down $1.75 to $2.27

The for-profit educator is facing charges that it duped investors by concealing huge losses on loans made to students.

Gap Inc., down $1.51 to $38.36

The retailer behind Gap, Old Navy and Banana Republic reported a drop in first-quarter revenue because of the strong U.S. dollar.

Nasdaq

Pain Therapeutics Inc., up 68 cents to $2.62

The drug developer reported positive results from a study focusing on an abuse-resistant version of the painkiller Remoxy.

Threshold Pharmaceuticals Inc., up 24 cents to $4

The drug developer’s potential cancer drug evofosfamide, in joint development with Merck KGaA, received FDA fast track status.

New Link Genetics Corp., down $15.59 to $36.55

The biotechnology company will continue a pancreatic cancer drug study, while Wall Street had hoped for an early completion.

Depomed Inc., down $3.98 to $20.43

The drugmaker’s first-quarter results fell short of Wall Street expectations.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.