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NXP Semiconductors and MGM climb while Viacom tumbles

May 14, 2018

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

Viacom Inc., down $1.48 to $28.74

CBS filed a lawsuit against controlling shareholder National Amusements, a move that could block a combination of CBS and Viacom.

Acacia Communications Inc., up $2.75 to $34.25

President Donald Trump tweeted that the U.S. might ease sanctions on Chinese company ZTE, a major customer for Acacia.

NXP Semiconductors Inc., up $11.73 to $110.74

Bloomberg News reported that Chinese regulators will restart their review of Qualcomm’s purchase of NXP, which they have yet to approve.

Xerox Corp., down $1.30 to $28.87

The copier maker ended talks with Fujifilm and resolved a dispute with investors Carl Icahn and Darwin Deason.

MGM Resorts International, up 52 cents to $32.32

The Supreme Court struck down a federal law that barred gambling on sporting events.

Perrigo Co., down $2.58 to $74.94

The drugmaker cut its profit forecast because it expects approval of an asthma inhaler to be delayed.

Welltower Inc., down 74 cents to $55.51

Bond yields rose Monday and high dividend companies like real estate investment trusts lagged rest of the market.

Brinker International Inc., down $1.77 to $43.53

Brinker’s Chili’s Grill & Bar chain said some customers’ payment card data was exposed in a data breach.

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