Berkshire Hathaway and Lilly climb; Sysco and MGM sink
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Berkshire Hathaway Inc., up $9.67 to $216.24
Warren Buffett’s company said its quarterly profit surged and it bought back almost $1 billion in stock.
Eli Lilly and Co., up $3.39 to $110.14
The drugmaker said its diabetes treatment Trulicity reduced the risk of cardiovascular problems in a study.
Chevron Corp., up $4.21 to $118.94
Energy companies rose along with the prices of crude oil and natural gas.
Sysco Corp., down $6.73 to $64.56
The food distributor said warehousing and transportation costs increased.
Children’s Place Inc., down $14.14 to $143.81
The retailer said its chief financial officer and other top executive left the company.
MGM Resorts International, down 55 cents to $27.62
The New York Post reported that MGM could combine with casino competitor Caesars Entertainment.
TiVo Corp., down 18 cents to $11.79
Smaller and more U.S.-focused companies did worse than the rest of the market Monday.
Global Payments Inc., down $2.98 to $111.59
Technology companies continued to take bigger losses than the rest of the stock market.