Alere and Arconic rise while Snyder's-Lance tumbles
Posted April 17
NEW YORK — Stocks that moved substantially or traded heavily Monday:
Arconic Inc., up 79 cents to $26.69
The CEO of the metal components maker resigned after he sent a letter to Arconic's biggest shareholder without informing the board.
HCA Holdings Inc., down $2.07 to $85.65
The largest U.S. hospital operator forecast weak results in the first quarter.
M&T Bank Corp., up $5.78 to $153.71
The bank holding company disclosed better first-quarter earnings and revenue than analysts expected.
Snyder's-Lance Inc., down $6.16 to $33.76
The snack maker said high costs hurt its business in the first quarter and said its CEO resigned.
Eli Lilly & Co., down $3.50 to $82.38
Federal regulators did not approve the company's rheumatoid arthritis pill Olumiant.
Alere Inc., up $6.74 to $49.05
The medical device company accepted a new, lower buyout offer from Abbott Laboratories worth $5.3 billion.
Johnson Controls International PLC, up 49 cents to $41.09
Industrial companies made some of the largest gains as the market moved higher on Monday.
Chesapeake Energy Corp., down 20 cents to $5.69
Energy companies struggled Monday and natural gas companies took steep losses as the price of that fuel decreased.