News

Gray Television, Cheniere, Pebblebrook, Copa and Marlin are big market movers

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

NYSE

Gray Television Inc., up $1.56 to $13.30

The broadcast company is buying all of Schurz Communications Inc.’s television and radio stations for about $442.5 million.

Cheniere Energy Inc., up 67 cents to $54.81

Activist investor Carl Icahn disclosed that he boosted his stake in the liquid natural gas company to 9.6 per cent from 8.2 per cent.

Pebblebrook Hotel Trust, down 38 cents to $38.18

The hotel investment company expects hotel demand figures to be weaker-than-anticipated and gave disappointing guidance.

Stone Energy Corp., up 12 cents to $5.65

The energy company and its peers saw their shares rise as the price of crude oil bounced back.

Copa Holdings SA, up 52 cents to $45.52

The airline passenger and cargo serviced company reported a decrease in August passenger traffic, but a boost in capacity.

Nasdaq

Mylan NV, up 50 cents to $49.56

The Dutch drugmaker initiated its $27.14 billion hostile takeover bid for Irish generic drug and ingredients maker Perrigo Co.

Marlin Business Services Corp., up $1.53 to $15.57

The commercial lender declared a special $2 per share dividend, citing a strong balance sheet and the company’s earning capacity.

Ocata Therapeutics Inc., up 30 cents to $4.50

The biotechnology enrolled the first patient in a midstage study evaluating a potential treatment for macular degeneration.