WPX Energy and Navient 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:
JPMorgan Chase & Co. (JPM), up 95 cents to $69.04
The largest U.S. bank by assets reported a boost in second-quarter profit that beat Wall Street expectations as expenses fell.
WPX Energy Inc. (WPX), up 71 cents to $11.83
The oil and gas producer is buying RKI Exploration & Production LLC for $2.35 billion, giving it access to the Permian basin.
Avolon Holdings Ltd. (AVOL), up $1.22 to $24.95
A unit of China's HNA Group will pay $429 million for a 20 percent stake in the commercial jet aircraft leasing company.
Vince Holding Corp. (VNCE), down $2.24 to $9.72
The fashion company's CEO resigned, but will remain in her position while the board of directors searches for a replacement.
Navient Corp. (NAVI), down $1.94 to $16.42
The student loan company cut its full-year profit outlook, citing lackluster performance from its private loan portfolio.
Micron Technology Inc. (MU), up $2.00 to $19.61
China's Tsinghua Unigroup Ltd. is readying a $23 billion takeover bid for the chipmaker, according to some media reports.
Spirit Airlines Inc. (SAVE), down $4.73 to $58.81
The budget airline cut its outlook, citing bad weather in June and pricing pressure from competitors weighing down revenue.
Google Inc. (GOOG), up $14.55 to $561.10
The Wall Street Journal is reporting that the technology company is curbing hiring and controlling costs as margins shrink.