Pinnacle Foods and Allergan are big market movers

Published on NewsOK Modified: May 12, 2014 at 3:42 pm •  Published: May 12, 2014
Advertisement
;

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Pinnacle Foods Inc., up $4.02 to $34.47

Hillshire Brands is offering $4.23 billion to acquire the maker of Birds Eye frozen vegetables and Hungry-Man frozen dinners.

Peabody Energy Corp., up 45 cents to $19.11

Morgan Stanley upgraded the miner, seeing a changing coal market as demand rises and production rates stabilize.

Bridgepoint Education Inc., down $1.41 to $14.51

The for-profit education company lost money and said that it will miss a deadline for filing its latest quarterly report to regulators.

Allergan Inc., down $1.58 to $159.72

The Botox maker rejected Valeant Pharmaceuticals, saying its unsolicited bid undervalues the company and carries significant risk.

Whirlpool Corp., up $4.35 to $155.88

The appliance maker says it will stick by its 2014 outlook at the annual J.P. Morgan Homebuilding & Building Products Conference.

Nasdaq

Logitech International SA, up 80 cents to $13.32

Credit Suisse upgraded the computer accessory and remote-control company, saying that the computer side could see demand rise.

Gogo Inc., up 74 cents to $12.67

Losses narrowed and the airline Wi-Fi provider topped expectations for the first quarter despite a sizeable jump in expenses.

Federal-Mogul Holdings Corp., up $1.06 to $17.38

Some very strong global demand indicators from automakers this year have fueled a surge in the stock prices of auto parts makers.