Pfizer & Alcoa Are Big Market Movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
Pfizer Inc., down 96 cents to $31.20
An experimental breast cancer drug showed encouraging results in a clinical trial, though not as positive as earlier tests.
BlackRock Inc., down $5.03 to $303.89
The asset management firm reshuffled its executive ranks, a move toward picking a successor to co-founder Laurence Fink.
Alcoa Inc., down 16 cents to $12.47
A day before it kicks off the quarterly earnings season, the aluminum maker was upgraded by Deutsche Bank, which cited rising prices.
American Eagle Outfitters Inc., down $1 to $11.68
Cowen downgrades the retailer's shares, saying changing consumer tastes will present ongoing headwinds.
Questcor Pharmaceuticals Inc., up $12.71 to $80.58
Mallinckrodt is buying the pharmaceutical company in a stock-and-cash deal valued at about $5.2 billion in a bid for diversification.
Mattel Inc., down $1.15 to $38.26
More Sunset Boulevard than sassy, BMO Capital says Barbie isn't drawing the same crowds for the toymaker, nor are Hot Wheels.
Yahoo Inc., down $1.19 to $33.07
Investors don't appear thrilled by a Wall Street Journal report that the Internet company is planning to acquire TV programming.
MannKind Corp., down 55 cents to $6.32
After the thrill of last week's advisory-panel recommendation, investors feel some agony when regulators pushed back a review of the company's fast-acting insulin Afrezza to mid-July.