Monday, 18 August 2014

Dollar General and Monster are big market movers


Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:


NYSE


Dollar General Corp., up $6.68 to $64.14


The discounter started a bidding war for rival Family Dollar, offering $8.95 billion as it tries to trump a Dollar Tree bid.


Sensata Technologies Holding NV, up $2.67 to $48.84


The company said plans to buy Schrader International, which makes tire pressure monitoring sensors, for about $1 billion.


J.C. Penney Co., up 37 cents to $9.87


Shares of the department store operator continue to rise after it posted a better-than-expected second-quarter results last week.


Ingersoll-Rand PLC, up $1.63 to $62.18


The industrial products maker is buying Cameron International Corp.'s centrifugal compression business for $850 million.


United Continental Holdings Inc., up $1.83 to $47.84


Shares of the airline rose on falling oil prices. Investors expect it could pay less for fuel.


Lannett Co., up $2.50 to $40.40


The generic drug developer gave a fourth-quarter and full-year outlook that exceeded Wall Street expectations.


Nasdaq


DreamWorks Animation SKG Inc., up $1.94 to $22.55


The company behind the "Shrek" movies hired DirecTV executive Fazal Merchant as its new chief financial officer.


Monster Beverage Corp., down $5.05 to $88.44


A Jefferies analyst downgraded the energy drink maker saying that its stock may be fully valued after Coca-Cola said it will buy a stake in it.



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