Canadian Pacific and Hatteras edge higher, Hertz tumbles
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq stock market:
Hertz Global Holdings Inc., down $1.11 to $8.59
The rental car company cut its business forecasts for the year, saying there is too much capacity on the rental car market.
Hatteras Financial Corp., up $1.54 to $15.80
The mortgage real estate investment trust agreed to be bought by Annaly Capital Management for $1.5 billion.
Canadian Pacific Railway Ltd., up $4.58 to $139.37
The railroad gave up on its effort to buy competitor Norfolk Southern, which has repeatedly rejected its offers.
Under Armour Inc., down $2.39 to $41.15
An analyst for Morgan Stanley said he thinks the athletic apparel maker's U.S. sales growth is slowing down.
National Oilwell Varco Inc., down $1.79 to $27.32
The oil and gas industry supplier gave a weak first-quarter forecast and cut its dividend because of deteriorating market conditions.
Insys Therapeutics Inc., down $3.42 to $14.24
The company said demand for fentanyl spray fell in the first quarter because of concerns about a national opioid epidemic.
MiMedx Group Inc., down 79 cents to $8.20
The biomaterials company reported disappointing sales in the first quarter, saying it went through "growing pains."
Yahoo Inc., up 41 cents to $36.48
The owner of Britain's Daily Mail newspaper said it's in early talks that could result in an offer to buy Yahoo.