Bristol-Myers, Eldorado Resorts fall; MGM, Del Frisco’s rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
Eldorado Resorts Inc., down $5.45 to $45.77
The casino and resort operator is buying Caesars Entertainment for $17.3 billion in a cash-and-stock deal.
Bristol-Myers Squibb Co., down $3.66 to $45.68
The pharmaceutical company said it would divest a blockbuster psoriasis treatment as part of its proposed buyout of Celgene.
AMAG Pharmaceuticals Inc., down 41 cents to $8.56
The Food and Drug Administration approved the biotechnology company’s licensed drug aimed at treating low libido in women.
Del Frisco’s Restaurant Group Inc., up $1.20 to $7.93
The restaurant company is being bought by private equity firm L Catteron for $650 million.
Western Digital Corp., up 99 cents to $41.03
The chipmaker gained ground as investors keep a hopeful eye on upcoming U.S.-China trade talks this week.
State Street Corp., up 21 cents to $55.73
The financial company and others gained ground following solid results from a recent round of stress tests by the Federal Reserve.
FedEx Corp., down $4.45 to $160.90
The package delivery company has been offering discounts to bolster its express delivery service, according to media reports.
MGM Resorts International, up 22 cents to $27.92
The casino and resort giant ground following the announcement that rivals Caesars and Eldorado will combine.