Cloudera, AMC rise; Johnson & Johnson, Abbott fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Quanta Services Inc., up $1.10 to $96.45.
The infrastructure company’s Luma Energy joint venture with Canadian Utilities Limited started operating Puerto Rico’s power grid.
American Financial Group Inc., up $1.58 to $134.64.
The insurance company declared a one-time special dividend of $14 per share.
Cloudera Inc., up $3.07 to $15.93.
The data management and software company is being bought by affiliates of Clayton, Dubilier & Rice for about $5.3 billion.
Abbott Laboratories, down $10.86 to $105.79.
The medical device and diagnostics company cut its financial forecast for the year on lower demand for COVID-19 tests.
Johnson & Johnson, down $3.72 to $165.53.
The Supreme Court is leaving in place a $2 billion verdict in favor of women who claim they developed ovarian cancer from using the health care company’s talc products.
Exxon Mobil Corp., up $2.09 to $60.46.
Energy companies benefited from rising prices for crude oil.
AMC Entertainment Holdings Inc., up $5.92 to $32.04.
The movie theater operator announced a stock sale, raising $230.5 million.
Bank of America Corp., up 53 cents to $42.92.
Bank stocks rose along with bond yields, which allows banks to charge more lucrative interest rates on loans.