Smith & Wesson and Spirit Airlines 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:
Progressive Waste Solutions Ltd., up $1.66 cents to $24.87
The waste management company confirmed it is exploring strategic alternatives following reports that it is considering a sale.
Fitbit Inc., down $5.46 to $24.30
The maker of wearable fitness-tracking devices unveiled its Blaze smart fitness watch, which will compete with the Apple Watch.
Smith & Wesson Holding Corp., up $2.58 to $25.86
The firearms maker raised its profit and revenue guidance for its quarter ending Jan. 31 citing stronger-than-expected sales.
Spirit Airlines Inc., up $2.32 to $41.50
The airline, known for its fees on just about everything, abruptly replaced brash CEO Ben Baldanza with Robert L. Fornaro.
NVIDIA Corp., up 52 cents to $32.89
The maker of processors and chips said Volvo will be the first customer for its new computer for self-driving cars.
Fairchild Semiconductor International Inc., up 72 cents to $21.19
The semiconductor company said a buyout bid from a Chinese group could be superior to ON Semiconductor’s current offer.
Akebia Therapeutics Inc., down $1.78 to $10.78
The biotechnology company plans to sell $75 million in stock, while also canceling a stock sale to Cantor Fitzgerald & Co.
Acceleron Pharma Inc. (XLRN), down $1.44 to $43.42
The biotechnology company plans to offer up to $150 million in stock and will use the proceeds for drug development.