Reynolds American and IHS are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Reynolds American Inc., up 5 cents to $43.47
The tobacco company is selling the non-U.S. assets of its Natural American Spirit brand for about $5 billion in cash to Japan Tobacco.
IHS Inc., up $5.22 to $110.56
The business information, research and analytics firm reported better-than-expected fiscal third-quarter profit and revenue.
The Phoenix Cos., up $19.48 to $32.51
The life insurance and annuity products company is being bought by Nassau Reinsurance Group for about $217.2 million.
Pioneer Natural Resources Co., up $1.40 to $118.45
The oil and gas exploration and production company and its peers saw their shares rise as the price of crude oil gained ground.
Nasdaq
Yahoo Inc., up 66 cents to $28.26
The Internet company is moving ahead with its plan to spin off its stake in Alibaba, despite the lack of a ruling on its tax-free status.
Incyte Corp., up $4.43 to $99.59
The drug developer and partner Eli Lilly and Co. reported positive results from a study on a potential rheumatoid arthritis drug.
Esperion Therapeutics Inc., down $16.76 to $18.33
The biotechnology company provided a disappointing update on its program to develop a cholesterol drug.
Republic Airways Holdings Inc., up 68 cents to $5.97
The regional airline operator said it had reached a tentative agreement on a new contract with a pilots' union.