Netflix, Medicis, Korn/Ferry are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Consol Energy Inc., down $1.37 at $28.83
The coal and natural gas company is temporarily idling its coal mine in Virginia because of weaker global demand for steel.
Medicis Pharmaceutical Corp., up $12.09 at $43.65
The dermatology products maker agreed to be bought by Valeant Pharmaceuticals International Inc. in a $2.6 billion deal.
Heckmann Corp., up $1.02 at $3.71
The water management firm is buying privately held Power Fuels in a $381 million deal to raise its foothold in the fracking market.
Korn/Ferry International, up 78 cents at $15.08
The staffing firm said it purchased Global Novations LLC in a move to bolster its leadership and talent consulting business.
Accretive Health Inc., up 79 cents at $12.68
The company, which helps hospitals manage their revenue, said that its board approved the repurchase of $50 million in stock.
Netflix Inc., down $3.79 at $55.93
Amazon.com, which has a rival online streaming service to Netflix, signed a deal with Epix to license movies from Paramount, MGM and Lionsgate.
Tower Semiconductor Ltd., up 81 cents at $8.71
The chip maker expanded its product-making deal with Vishay Intertechnology for five years. Tower expects it will boost its revenue.
Medivation Inc., up $4.35 at $109.21
The drugmaker said that it received approval from the Food and Drug Administration for its drug Xtandi, which treats prostate cancer.