NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
JPMorgan Chase & Co., down 68 cents to $58.32
The bank will pay over $2 billion for its failure to detect and report Bernard Madoff’s massive Ponzi scheme.
Valeant Pharmaceuticals International Inc., up $12.73 to $125.35
CEO J. Michael Pearson said the company’s goal is to become one of the top five most valuable pharmaceutical companies by the end of 2016.
Michael Kors Holdings Ltd., down $3.10 to $78.94
Citigroup downgraded the high-end retailer, citing its lofty stock price and possible weakness in accessory sales going forward.
Cheniere Energy, up $1.91 to $45.21
Goldman Sachs is telling clients that the stock of the natural gas company is a good buy based in part on two new export projects.
Google Inc., up $21.54 to $1,138.86
Deutsche Bank calls the search leader’s stock a must-own as “we see few companies with as much opportunity globally in consumer Internet.”
Epizyme Inc., up $15.49 to $35.99
The drug developer will get a $25 million payment from Celgene after a potential leukemia treatment reached an early milestone.
Netflix Inc., down $20.07 to $339.50
Morgan Stanley issues a downgrade of the video streaming services, seeing increased competition from Amazon.com and others.
iRobot Corp., up $2.41 to $36.16
The robot maker unveils the Scooba 450, a household robot that uses wet cleaning techniques “based on industrial-style cleaners.”