Kimberly-Clark and Marathon Oil post gains while Tesla falls
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
Kimberly-Clark Corp., up $6.70 to $130.25
The maker of Kleenex tissues and other consumer products reported a surge in profit that beat forecasts.
Marathon Oil Corp., up $1.16 to $18.78
The oil company and its peers are benefiting from a boost in crude prices driven by U.S. threats to block more Iranian oil exports.
Rent-A-Center Inc., up $1.53 to $22.90
The rental services company will receive $92.5 million as part of a settlement from its terminated merger deal with Vintage Capital Management.
Tesla Inc., down $10.51 to $262.75
The electric car maker is cutting its board of directors from 11 to seven members as CEO Elon Musk’s tweeting habits face scrutiny.
Medidata Solutions Inc., up $11.15 to $90.02
Dassault Systemes SE considers the software firm a potential buyout target, according to media reports.
KeyW Holding Corp., up $3.31 to $11.17
Jacobs Engineering Group is buying the cybersecurity company for about $563 million.
Intuitive Surgical Inc., down $37 to $491.06
The surgical robot maker’s first-quarter profit and revenue fell short of Wall Street forecasts.
W.W. Grainger Inc., down $16.97 to $291.21
The maintenance supplies company reported weak first quarter revenue that fell short of analysts’ forecasts.