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Federated, Carnival, Alphabet climb; Regeneron skids

September 11, 2017

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

Federated National Holding Co., up $1.49 to $13.54

Insurance companies surged as Hurricane Irma weakened and investors felt catastrophic losses were less likely.

Alphabet Inc., up $1.88 to $943.29

Technology stocks did better than the broader market Monday.

Carnival Corp., up $2.08 to $67.65

Travel companies also rose as investors felt Hurricane Irma won’t affect their businesses as much as they had feared.

Regeneron Pharmaceuticals Inc., down $26.38 to $445.11

Investors weren’t impressed with results from a study of an experimental asthma drug Regeneron is working on with Sanofi.

Teva Pharmaceutical Industries Ltd., up $3.00 to $18.50

The Israeli generic drug company named Kare Schultz, the former head of H. Lundbeck A/S, as its new CEO.

Public Storage, down $4.91 to $213.40

High-dividend stocks did worse than the rest of the market as investors were willing to take more risks Monday.

Achillion Pharmaceuticals Inc., down $1.08 to $3.83

Johnson & Johnson said it is ending development of a hepatitis C treatment it was studying with Achillion.

KeyCorp, up 41 cents to $17.03

Banks climbed along with interest rates, which will help their profits on loans.

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