News

Canadian Pacific and Hatteras edge higher, Hertz tumbles

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

Hertz Global Holdings Inc., down $1.11 to $8.59

The rental car company cut its business forecasts for the year, saying there is too much capacity on the rental car market.

Hatteras Financial Corp., up $1.54 to $15.80

The mortgage real estate investment trust agreed to be bought by Annaly Capital Management for $1.5 billion.

Canadian Pacific Railway Ltd., up $4.58 to $139.37

The railroad gave up on its effort to buy competitor Norfolk Southern, which has repeatedly rejected its offers.

Under Armour Inc., down $2.39 to $41.15

An analyst for Morgan Stanley said he thinks the athletic apparel maker’s U.S. sales growth is slowing down.

National Oilwell Varco Inc., down $1.79 to $27.32

The oil and gas industry supplier gave a weak first-quarter forecast and cut its dividend because of deteriorating market conditions.

Nasdaq

Insys Therapeutics Inc., down $3.42 to $14.24

The company said demand for fentanyl spray fell in the first quarter because of concerns about a national opioid epidemic.

MiMedx Group Inc., down 79 cents to $8.20

The biomaterials company reported disappointing sales in the first quarter, saying it went through “growing pains.”

Yahoo Inc., up 41 cents to $36.48

The owner of Britain’s Daily Mail newspaper said it’s in early talks that could result in an offer to buy Yahoo.