Eldorado Resorts and Navistar climb; WPP sinks
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Eldorado Resorts Inc., up $5.80 to $41.50
The casino and hotel company agreed to buy seven properties from Tropicana Entertainment for $1.85 billion.
Shire PLC, up 22 cents to $152.41
The drugmaker said it will sell its cancer treatment business to France’s Servier for $2.4 billion.
Bank of America Corp., up 13 cents to $29.93
The bank posted a larger profit, helped by corporate tax cuts and rising interest rates.
Navistar International Corp., up $3.65 to $40.71
Reuters reported that Volkswagen might buy the truck and engine maker.
WPP PLC, down $3.97 to $80.56
The advertising company’s CEO, Martin Sorrell, resigned after an investigation into allegations he misused company assets.
J.B. Hunt Transport Services Inc., up $6.98 to $119.75
The transportation company said shipping volumes grew in the first quarter and rates increased.
Acacia Communications Inc., down $14.40 to $25.63
The Commerce Department is banning U.S. companies from selling to Chinese telecommunications company ZTE.
Bristol-Myers Squibb Co., down $4.57 to $54.08
The pharmaceutical company and competitor Merck both reported clinical trial data for key cancer drugs.