News

Cablevision, Oracle, Rite Aid, Facebook and Expedia are big market movers

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

NYSE

Cablevision Systems Corp., up $3.97 to $32.51

European telecommunications company Altice is buying the New York cable operator for $17.7 billion, including debt.

Oracle Corp., down $1.53 to $36.74

The software maker’s net income dropped 20 per cent in its fiscal first quarter on the strong U.S. dollar and rising expenses.

Rite Aid Corp., down 93 cents to $7.66

The drugstore chain reported better-than-expected fiscal second-quarter results, but cut its full-year sales and profit outlook.

Perrigo Co., down $1.31 to $181.08

The generic and over-the-counter drugmaker urged its shareholders to reject Mylan’s $27 billion hostile takeover offer.

Northrop Grumman Corp., down 24 cents to $170.72

The defence contractor’s board of directors approved a buyback program for up to an additional 4 billion shares of common stock.

Nasdaq

Facebook Inc, up 89 cents to $94.34

The world’s largest online social network said it is now selling video ads that will be seen from top to bottom on a user’s screen.

Intuit Inc., down $3.70 to $85.77

The TurboTax software maker cooled expectations for fiscal 2017, issuing guidance below Wall Street’s expectations.

Expedia Inc., up $4.15 to $128.83

The online travel services company said it completed its $1.3 billion buyout of Orbitz Worldwide following regulatory clearance.