News

Chesapeake Energy, Devon and Ciber climb, AbbVie slips

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:

Chesapeake Energy Corp., up 48 cents to $4.57

Energy companies rose in tandem with the price of oil.

Citigroup Inc., up 35 cents to $45.74

Banks rose as bond yields bounced back from a steep drop on Friday.

AbbVie Inc., down $2.18 to $62.82

Investors were disappointed with results from a study of a lung cancer drug AbbVie is acquiring.

Devon Energy Corp., up $1.64 to $37.56

The oil and gas exploration company said it will sell almost $1 billion in assets later this year.

Ocular Therapeutix Inc., down $5.04 to $6.81

The company said an experimental treatment for pinkeye caused by allergies didn’t work in a clinical trial.

Hercules Offshore Inc., down 9 cents to $1.32

The oilfield services company filed for Chapter 11 bankruptcy protection for the second time in less than a year.

Ciber Inc., up 37 cents to $1.56

The information technology company said it will sell its Dutch business to staffing company ManpowerGroup.

Tyson Foods Inc., down $2.33 to $60.88

BMO Capital Markets downgraded its rating on the food company’s stock, which has climbed over the last year, to “Market Perform.”