State Auto, L Brands rise; Virgin Galactic, Occidental fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
State Auto Financial Corp., up $32.96 to $50.22.
Liberty Mutual is buying the insurance company for about $2.29 billion.
Virgin Galactic Holdings Inc., down $8.51 to $40.69.
The spaceflight company said it could sell up to $500 million in stock.
L Brands Inc., up $3.06 to $76.56.
The board of directors approved splitting the company’s Victoria’s Secret and Bath & Body Works units into two separate companies.
Johnson & Johnson, down 27 cents to $169.48.
The health care company’s COVID-19 vaccine may pose a “small possible risk” of a rare but potentially dangerous neurological reaction, U.S. health officials said.
Occidental Petroleum Corp., down 25 cents to $29.99.
Oil prices edged lower and weighed down energy company stocks.
Nordstrom Inc., up 30 cents to $36.30.
The department store operator is buying a minority interest in four fashion brands owned by a British company called Asos.
Tesla Inc., up $28.56 to $685.51.
CEO Elon Musk testified in a lawsuit over the electric vehicle maker’s 2016 acquisition of SolarCity.
Capital One Financial Corp., up $4.30 to $164.85.
Banks and other financial companies gained ground as the sector prepares to start reporting its latest quarterly financial results.