FedEx and Hill-Rom are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
FedEx Corp., down $5.40 to $176.73
The package delivery company reported a fiscal fourth-quarter loss and the results fell short of Wall Street expectations.
Hill-Rom Holdings Inc., up $3.32 to $55.70
The medical technology company will buy privately held rival Welch Allyn for about $2.05 billion in a cash-and-stock deal.
Actuant Corp., down 66 cents to $23.18
The industrial products company reported better-than-expected quarterly profit, but it offered weaker-than-expected guidance.
SeaDrill Ltd., down 14 cents to $11.29
The offshore drilling contractor sold the deep water drillship the West Polaris to Seadrill Partners LLC in a cash and debt deal.
Kythera Biopharmaceuticals Inc., up $13.39 to $74.11
The biotechnology company behind a “double chin” injection is being bought by Botox-maker Allergan Plc. for about $2.1 billion.
Synergy Pharmaceuticals Inc., up $3.14 to $7.78
The biotechnology company reported positive results from a key late-stage study on its constipation treatment.
La-Z-Boy Inc., down 95 cents to $26.21
The furniture company met Wall Street’s fiscal fourth-quarter profit expectations, but its revenue results fell short of forecasts.
DavidsTea Inc., down $7.16 to $22
The tea purveyor of disappointed Wall Street with its financial outlook and a report of a fiscal first-quarter loss.