Mylan and Twitter rise while Starbucks and Genesco slump
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Starbucks Corp., down $1.39 to $55.68
Howard Schultz is stepping down as the coffee chain’s executive chairman.
G-III Apparel Group Ltd., up $4.65 to $47.53
The clothing and accessories company raised its annual forecasts after a strong quarter.
Mylan NV, up $1.48 to $39.98
The FDA approved Mylan’s version of Amgen’s drug Neulasta.
Twitter Inc., up $1.92 to $39.80
The social media company’s stock will be added to the S&P 500 index.
Genesco Inc., down $4.05 to $40.95
The seller of footwear, hats and other clothing reported weaker-than-expected sales.
Newell Brands Inc., up 36 cents to $23.58
The consumer products company agreed to sell its Rawlings sporting goods business to a private equity fund for $395 million.
HD Supply Holdings Inc., up $1.72 to $43.16
The industrial distributor had a stronger first quarter than analysts expected.
Citizens Financial Group Inc., down 42 cents to $41.49
Banks and other financial companies declined Tuesday as interest rates headed lower.