Abaxis and Macy's climb while Phillips 66, Newfield skid

NEW YORK — Stocks that moved substantially or traded heavily Wednesday:

Abaxis Inc., up $11.59 to $83.34

The veterinary products company agreed to be bought by Zoetis for $83 a share, or $1.88 billion.

Macy's Inc., up $3.24 to $33.17

The department store raised its annual forecasts after a better-than-expected first quarter.

GameStop Corp., up 4 cents to $13.55

CNBC reported that hedge fund Tiger Management urged the video game maker to conduct a strategic review of its business.

Newfield Exploration Co., down 16 cents to $28.95

The dollar continued to gain strength, which sent oil prices lower and weighed on energy companies.

Teva Pharmaceutical Industries Ltd., up 58 cents to $20.88

Warren Buffett's company Berkshire Hathaway more than doubled the size of its investment in the Israeli drugmaker.

Phillips 66, down 16 cents to $118.16

Buffett and Berkshire sold about half their investment in the oil and gas company.

Office Depot Inc., up 12 cents to $2.46

The office supply company maintained its forecasts for the year.

Packaging Corp. of America, up $4.11 to $119.04

Basic materials makers fared better than the rest of the market Wednesday.

People also read these

Yellen suggests rate hike is coming but offers no timetable

Aug 26, 2016

Yellen says 'the case for an increase' in rates has strengthened but offers no timetable

Asian stocks mostly rise on hopes for higher US rates

Aug 30, 2016

Asian shares were mostly higher Tuesday as speculation continued about a U.S. Federal Reserve interest rate hike later this year

Asian stocks mixed ahead of US jobs data

Aug 31, 2016

Asian stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Japan's benchmark Nikkei 225 gained 0.8 percent to 16,857.07 in morning trading

Subscribe to our newsletter!

Your Name

Your Email Address