Mallinckrodt and Brown-Forman fall; Nimble Storage soars

By The Associated Press | Posted - Mar. 7, 2017 at 2:37 p.m.



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NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:

Mallinckrodt PLC, down $1.55 to $49.71

Drugmakers fell after President Donald Trump said the government is making new efforts to rein in drug prices.

Brown-Forman Corp., down $1.52 to $46.96

The maker of Jack Daniel's and other liquors reported a 4 percent decline in earnings, citing a strong dollar and revenue lost from brands that it sold.

Dick's Sporting Goods Inc., down $4.53 to $48.08

The sporting goods retailer issued a profit forecast that came in below what Wall Street analysts were looking for.

Nimble Storage Inc., up $3.98 to $12.58

The company agreed to be acquired by Hewlett Packard Enterprise for $1 billion in cash, or $12.50 a share.

TerraForm Global Inc., up 68 cents to $4.93

The clean energy company is being bought by Brookfield Asset Management.

Weatherford International PLC, up 74 cents to $6.63

The oilfield services company named Mark McCollum, the chief financial officer of Halliburton, to be its new CEO.

EQT Corp., down $1.30 to $58.79

Energy companies lagged the rest of the market, as they have done since late 2016.

Electronic Arts Inc., up $1.16 to $88.30

Technology stocks, which have led the market higher this year, did better than most other industries on Tuesday.

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The Associated Press

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