Freeport-McMoran, Pinnacle are big market movers
Jul 7, 2015, 1:42 PM
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Freeport-McMoRan Inc. (FCX), down 59 cents to $17.25
The mineral assets company saw shares slide after the price of copper fell to a five-month low over China market concerns.
Pinnacle Entertainment Inc. (PNK), up $2.18 to $39.64
The casino and entertainment facility operator received an increased takeover offer from Gaming and Leisure Properties Inc.
The St. Joe Co. (JOE), up $1.19 to $16.97
The Florida-based real estate development company said a key plan has been adopted and it gave a positive revenue outlook.
MSC Industrial Direct Co. (MSM), up $2.11 to $70.09
The metalworking and maintenance products company reported better-than-expected third-quarter profit and in-line revenue.
Nasdaq
Advanced Micro Devices Inc. (AMD), down 38 cents to $2.09
The semiconductor company gave a weaker-than-expected revenue outlook, citing weaker consumer demand for personal computers.
DepoMed Inc. (DEPO), up $7.98 to $28.62
The specialty pharmaceutical company received a $2.1 billion hostile takeover offer from biotechnology company Horizon Pharma Plc.
Plug Power Inc. (PLUG), up 31 cents to $2.54
The fuel cell and alternative energy company reaffirmed a positive sales outlook for 2015, following a strong second quarter.
Baozun Inc. (BZUN), down $2.12 to $7.42
The Chinese e-commerce company and its rivals saw shares fall as China’s major market indexes sink on economic growth concerns.
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