Anadarko, Sysco rise while Boeing, PetMed fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
Anadarko Petroleum Corp., up $2.77 to $75.49
Occidental revised its bid for the oil company by raising its cash portion of the offer to $59 from $38 per share.
Sysco Corp., up $2.43 to $72.95
The food distributor’s fiscal third quarter profit beat Wall Street forecasts.
Affiliated Managers Group Inc., down $12.86 to $97.96
The asset manager’s first-quarter earnings fell short of Wall Street forecasts and it named a new CEO.
Boeing Co., down $4.86 to $371.60
The airplane maker disclosed that it failed to disclose a faulty safety alert feature on its 737 Max plane to airlines prior to a deadly crash.
Edison International, up 59 cents to $61.18
The utility company was among the few gainers as investors moved to safe-play stocks as the broader market tumbled.
Bausch Health Companies Inc., up $2.04 to $25.48
The drugmaker beat Wall Street’s first quarter earnings forecast and raised its revenue forecast for the year.
PetMed Express Inc., down $1.99 to $19.71
The pet pharmacy’s fiscal fourth quarter profit fell far short of Wall Street forecasts.
Sinclair Broadcast Group Inc., up $15.53 to $60.48
The media company is buying Fox’s regional sports networks for $9.6 billion.