Nuance, Luminex rise; United Airlines, Ingersoll Rand fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Nuance Communications Inc., up $7.27 to $52.85.
Microsoft is buying the speech recognition company in a deal worth about $16 billion.
Luminex Corp., up $4.08 to $37.03.
The maker of COVID-19 tests is being bought by Italy’s DiaSorin for $1.8 billion.
Ingersoll Rand Inc., down 43 cents to $50.15. The industrial technology company is selling its specialty vehicle unit to Platinum Equity for $1.68 billion.
Cadence Bancorp, up $91 cents to $22.39.
BancorpSouth is buying the regional bank in an all-stock deal valued at $6 billion.
Signet Jewelers Limited, up $4.84 to $65.92.
The jewelry retailer raised its revenue forecast and said it has mitigated inventory delays.
United Airlines Holdings Inc., down $2.27 to $56.16
The airline gave investors a disappointing revenue update for the first quarter.
ConocoPhillips, down 37 cents to $50.86.
Energy company stocks slipped as oil prices gave up an early gain and moderated.
MarketAxess Holdings Inc., up 89 cents to $535.45.
The electronic trading platform completed its buyout of Jersey City, New Jersey-based MuniBrokers for an undisclosed amount.