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