IBM, Tesla and Southwestern Energy rise, Endo skids
NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
International Business Machines Corp. (IBM), up $3.04 to $151.45
IBM said it will expand its business services division by buying Bluewolf Group, which provides cloud consulting and implementation services.
Movado Group Inc. (MOV), down $2.81 to $27.53
The watchmaker's profit and sales forecasts for 2016 fell short of analyst estimates.
Southwestern Energy Co. (SWN), up 37 cents to $8.07
Energy companies got a lift Thursday as the price of oil edged higher.
Nasdaq
Endo International PLC (ENDP), down 30 cents to $28.15
Federal regulators sued Endo over a deal that slowed down generic competition to two of its drugs.
Tesla Motors Inc. (TSLA), up $2.88 to $229.77
The electric car maker unveiled a new car that costs less than half as much as its previous models.
Micron Technology Inc. (MU), down 1 cent to $10.47
The chipmaker's quarterly sales fell far short of Wall Street estimates.
Progress Software Corp. (PRGS), down $1.47 to $24.12
The business software maker posted a weak first-quarter profit and sales.
Fortinet Inc. (FTNT), up $1.23 to $30.63
The network security company was upgraded by an analyst for Cowen & Co.