Rackspace and Lennar are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
United States Steel Corp., up $4.20 to $45.61
The steel company said its Canadian unit will apply for relief from creditors and its third-quarter results will beat forecasts.
Rackspace Hosting Inc., down $6.95 to $32.39
The cloud computing services company said it would no longer consider a sale or merger.
Lennar Corp., up $2.27 to $41.40
The homebuilder and financing company reported better-than-expected revenue and profit on a rebound in home sales.
General Mills Inc., down $2.35 to $50.83
The consumer foods company reported worse-than-expected quarterly revenue and profit but reaffirmed its guidance.
Adobe Systems Inc., down $3.43 to $67.30
The software company's third-quarter profit met Wall Street expectations but its revenue and outlook fell short.
Gilead Sciences Inc., down 92 cents to $103.84
The biotechnology company said its treatment for advanced pancreatic cancer failed to meet a midstage study goal.
Auxilium Pharmaceuticals Inc., up $9.66 to $31.18
The company said it will consider a $2.2 billion unsolicited buyout bid from health care company Endo International.
CTI BioPharma Corp., up 28 cents to $2.79
The biotechnology company entered an exclusive licensing and collaboration deal with Servier for its cancer treatment Pixuvri.