Furmanite and Rite Aid 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:
Furmanite Corp., up $1.44 to $8.67
The industrial and refinery-services company received a buyout offer from an undisclosed party and said it will evaluate the proposal.
Cyan Inc., up 97 cents to $4.62
The software company is being purchased by network specialist Ciena Corp. in a cash-and-stock deal valued at $400 million.
Rite Aid Corp., up 16 cents to $8.13
The drugstore chain operator is included in the list of companies participating in American Express' new loyalty program, Plenti.
Hill International Inc., up 91 cents to $4.82
The consulting services company received a buyout offer from private equity firm DC Capital Partners at a 40.7 percent premium to its stock's closing price Friday.
Cognizant Technology Solutions Corp., up $3.64 to $62.78
The information technology company reported better-than-expected first quarter results and issued a positive outlook.
Array BioPharma Inc., up 83 cents to $7.15
The biotechnology company reported better-than-expected fiscal third-quarter financial results as it regained some drug rights.
ON Semiconductor Corp., up 69 cents to $12.50
The semiconductor components maker reported better-than-expected first-quarter results and gave an upbeat outlook.
CytRx Corp., up 71 cents to $4.41
The biotechnology company reported positive results from ongoing early stage clinical trials of a potential cancer treatment.