NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
Merck, Spirit Airlines, T-Mobile, Conn's and Abercrombie & Fitch are big market movers
December 9, 2014 at 9:50PM
NYSE
Merck & Co., down $1.87 to $60.01
The pharmaceutical company remains committed to its buyout of Cubist, despite several of that company's patents being invalidated.
T-Mobile US Inc., down $2.35 to $25.85
The mobile communications services company is publicly offering 17.4 million shares of mandatory convertible preferred stock.
Verizon Communications Inc., down $1.98 to $46.92
The company said that it's losing customers due to tough competition and that it will get more aggressive to counter promotions from rivals.
Nasdaq
Spirit Airlines Inc. down $10.70 to $73.77
The low-fare carrier gave a disappointing profit outlook and said that airlines may be reducing fares because of lower fuel prices.
Bluebird Bio Inc., up $35.39 to $84.28
The biotechnology company reported potentially positive data from its developing treatment for a blood disorder.
Conn's Inc., down $14.26 to $20.83
The retailer reported worse-than-expected financial results, withdrew its 2015 outlook and its chief financial officer resigned.
Abercrombie & Fitch Co., up $2.11 to $28.46
The teen-clothing chain's longtime CEO Michael Jeffries is retiring as the company continues to deal with declining sales.
Cubist Pharmaceuticals Inc., down $4.77 to $95.83
A federal court invalidated most of the biotechnology company's key patents related to its top-selling antibiotic Cubicin.
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Health care spending rose by 15%, driven by higher prices. Officials say solutions are needed to prevent Minnesotans from being priced out or delaying care they need.
