Business

Mylan and Bank of America slide, TripAdvisor and Cisco climb

Posted February 11, 2016 6:00 am

The Associated Press

NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

Bank of America Corp., down 82 cents to $11.16

Bank stocks slid after France's Societe Generale warned about its profits, adding to investors' worries about low interest rates.

Twitter Inc., down 67 cents to $14.31

The microblogging site reported no user growth for the fourth quarter.

Prudential Financial Inc., down $6.06 to $58

The financial services company's fourth-quarter profit fell short of Wall Street estimates.

Devon Energy Corp., down 38 cents to $21.25

Energy companies slumped as the price of U.S. crude continued to fall.

Nasdaq

Mylan NV, down $9.12 to $41.42

The Dutch drugmaker said it will buy Swedish company Meda AB for $7.2 billion.

TripAdvisor Inc., up $6.72 to $61.07

The travel website company's fourth-quarter profit and revenue topped estimates.

Cisco Systems Inc., up $2.17 to $24.68

The seller of routers, switches, software and services reported strong fourth-quarter results and announced a stock buyback and dividend increase.

Tesla Motors Inc., up $6.80 to $150.47

The electric car maker said its lower-priced Model 3 sedan is on schedule for 2017 release.

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