Genuine Parts, Outfront Media climb; Sprint, AZZ fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Genuine Parts Co., up $5.24 to $93.22
The company said it would buy Alliance Automotive Group, a European distributor of auto parts, tools and workshop equipment.
Target Corp., down 44 cents to $58.55
The retailer said it will raise the minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020.
Outfront Media Inc., up $3.22 to $24.26
The company announced it has been recommended to be awarded concessions for advertising on New York City’s mass transit platforms.
AZZ Inc., down $3.70 to $47.25
The welding and engineering company lowered its full-year earnings estimates because of the impacts of Hurricanes Harvey and Irma.
Sprint Corp., down 70 cents to $7.82
Bloomberg News reported that Sprint’s largest shareholder, Japan’s Softbank, didn’t expect much of a premium in selling the company.
General Electric Co., up 24 cents to $25.11
The company sold its electrification services unit to ABB, a Swiss robotics and industrial machinery maker.
Nvidia Inc., down $8 to $171
Technology stocks fell more than the rest of the market. Tech is still the best-performing sector in the market this year.
Apache Corp., up $1.49 to $45.06
Energy companies rose along with the price of crude oil.