Loxo Oncology, Dollar Tree and Schlumberger rise; PG&E sinks
Posted January 7, 2019 4:26 pm.
This article is more than 5 years old.
NEW YORK — Stocks that moved substantially or traded heavily Monday:
Loxo Oncology Inc., up $92.78 to $232.65
Eli Lilly agreed to buy the cancer drug developer for about $8 billion.
PG&E Corp., down $5.45 to $18.95
Reuters reported that the California utility might file for bankruptcy as it faces big liabilities connected to deadly wildfires.
Dollar Tree Inc., up $5.07 to $97.96
Activist investment firm Starboard Value disclosed an investment in the discount retailer
General Electric Co., up 51 cents to $8.74
Bloomberg News reported that private equity firm Apollo Global Management might try to buy GE’s aircraft leasing business.
Intercontinental Exchange Inc., down $2.29 to $73.38
A group of Wall Street firms is getting ready to launch a new, low-cost stock exchange.
Schlumberger NV, up $1.08 to $40.17
Energy company stocks gained as oil prices rose for the seventh day in the last eight.
NuVasive Inc., down $4.60 to $45.45
The spinal device maker said equipment sales were delayed in the fourth quarter and surgical procedures slowed.
Lowe’s Cos., up $1.78 to $95.65
Shares in retailers climbed Monday as U.S. service companies reported a strong increase in new orders in December.
The Associated Press
