News

Lexmark and MGM Growth Properties gain; Coca-Cola slips

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

NYSE

Lexmark International Inc., up $3.24 to $37.90

The printer maker agreed to be bought by Apex Technology and PAG Asia Capital for $40.50 per share, or $2.51 billion.

MGM Growth Properties LLC, up $1.01 to $22.01

The MGM Resorts real estate unit went public, and its offering priced at $1.05 billion, at the high end of its projections.

Discover Financial Services, up $4.29 to $56.84

The credit card issuer and lender’s net income and revenue surpassed analyst estimates as loan volume improved.

VMWare Inc., up $7.07 to $58.53

The cloud computing company’s first-quarter results were stronger than investors expected.

Coca-Cola Co., down $2.23 to $44.37

The beverage giant’s sales continued to fall, and the strong dollar also hurt its results.

Textron Inc., up $1.86 to $39.91

The maker of Cessna small planes and Bell helicopters reported a greater profit and better sales than expected

Tupperware Brands Corp., down $2.57 to $58.91

The plastic storage container retailer posted strong results, but traded lower after a strong two-month run.

Nasdaq

Intel Corp., up 40 cents to $32

The chipmaker said it will cut up to 12,000 jobs, or 11 per cent of its staff, as PC sales keep falling.