American Airlines and Sysco are big market movers

Published on NewsOK Modified: December 9, 2013 at 4:06 pm •  Published: December 9, 2013
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Sysco Corp., up $3.31 to $37.62

The food distributor acquired US Foods for about $3.5 billion in cash and stock, pushing annual sales to about $65 billion.

McDonald's Corp., down $1.08 to $95.72

Sales barely budged last month as stiff competition for the burger chain resulted in flat traffic at U.S. restaurants.

Abercrombie & Fitch Co., down 77 cents to $34.10

The teen retailer reworked its contract with CEO Michael Jeffries, tying compensation more closely with company performance.

QEP Resources Inc., down 47 cents to $30.96

The energy company will spend $950 million to buy oil and gas assets located in two West Texas counties as it diversifies.

Nasdaq

American Airlines Group, up 65 cents to $24.60

The carrier finally emerged from bankruptcy protection and combined with US Airways to create the world's biggest airline.

Edwards Lifesciences, down $3.56 to $62.73

Markets were put off by expectations for sales of the company's flagship Sapien heart valves, which face new competition.

Given Imaging Ltd., up $6.41 to $30.06

Covidien will spend about $860 million to buy the maker of products used for diagnosing and monitoring the digestive system.

Hologic Inc., down 17 cents to $22.12

Former Stryker CEO Stephen MacMillan will take the top job and the medical device maker also named two new board members.



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