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Wells Fargo and Aronic skid while Broadcom climbs

February 5, 2018

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

Wells Fargo & Co., down $5.91 to $58.16

The Federal Reserve froze the bank’s growth in response to a scandal over phony consumer accounts.

Broadcom Corp., down $7.38 to $228.10

The chipmaker raised its offer for competitor Qualcomm to $121 billion in cash and stock.

Bunge Ltd., up $2.29 to $80.89

Bloomberg reported that Archer-Daniels-Midland is close to a deal to buy the agribusiness and food company.

Arconic Inc., down $2.59 to $26.52

The engineered products company forecast a smaller-than-expected profit in 2018.

Church & Dwight Co., up $1.09 to $47.42

The consumer products company had a stronger fourth quarter than analysts had expected.

Corcept Therapeutics Inc., down $6.20 to $17.26

The company said Teva Pharmaceutical Industries filed for approval of a generic version of its drug Korlym.

Kirby Corp., up $2.05 to $77.75

The barge operator said it will buy Higman Marine Inc. for $419 million.

Exxon Mobil Corp., down $4.81 to $79.72

Shares in energy companies fell as the price of crude oil slipped.

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