American Airlines and Sysco are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
Sysco Corp., up $3.31 to $37.62
The food distributor acquired US Foods for about $3.5 billion in cash and stock, pushing annual sales to about $65 billion.
McDonald's Corp., down $1.08 to $95.72
Sales barely budged last month as stiff competition for the burger chain resulted in flat traffic at U.S. restaurants.
Abercrombie & Fitch Co., down 77 cents to $34.10
The teen retailer reworked its contract with CEO Michael Jeffries, tying compensation more closely with company performance.
QEP Resources Inc., down 47 cents to $30.96
The energy company will spend $950 million to buy oil and gas assets located in two West Texas counties as it diversifies.
American Airlines Group, up 65 cents to $24.60
The carrier finally emerged from bankruptcy protection and combined with US Airways to create the world's biggest airline.
Edwards Lifesciences, down $3.56 to $62.73
Markets were put off by expectations for sales of the company's flagship Sapien heart valves, which face new competition.
Given Imaging Ltd., up $6.41 to $30.06
Covidien will spend about $860 million to buy the maker of products used for diagnosing and monitoring the digestive system.
Hologic Inc., down 17 cents to $22.12
Former Stryker CEO Stephen MacMillan will take the top job and the medical device maker also named two new board members.