MGM and Black Diamond are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
MGM Resorts International, up $2.08 to $21.74
An activist investor is calling for the casino and resort operator to spin off its real-estate assets in a debt cutting move.
BBX Capital Corp., up $4.87 to $18.50
BFC Financial Corp. plans to buy up to about 4.8 million shares of the real estate investment trust's stock at $20 apiece.
Veeva Systems Inc., up $2.80 to $27.73
GlaxoSmithKline picked the life sciences industry software provider as its customer relationship management company.
Plug Power Inc., down 14 cents to $2.61
The alternative energy company reported a wider-than-expected fourth-quarter loss and revenue fell short of Wall Street forecasts.
Black Diamond Inc., up $2.59 to $9.64
The outdoor sports gear maker said it will explore strategic options for its brands after reporting disappointing quarterly revenue.
MagicJack VocalTec Ltd., down $1.16 to $7.01
The Internet phone company reported a fourth-quarter loss on lower revenue.
KVH Industries Inc., up 65 cents to $13.86
The maker of mobile communication and navigation equipment reported a fourth-quarter profit on a boost in product revenue.
Esperion Therapeutics Inc., up $22.50 to $99.60
The pharmaceutical company reported that a potential cholesterol-lowering drug met key treatment goals in a midstage study.