Steinway, BPZ, Smith & Wesson are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Steinway Musical Instruments Inc., down $1.02 at $21.50
The musical instrument maker completed an evaluation of strategic alternatives and decided not to sell its band instrument unit.
Herbalife Ltd., up 89 cents at $28.30
Shares of the nutritional supplements company continued to rise after the company said it will meet with analysts to discuss its business.
BCD Semiconductor Manufacturing Ltd., up $3.43 at $7.41
Semiconductor components maker Diodes Inc. agreed to buy rival BCD Semiconductor for about $151 million in cash.
Marvell Technology Group Ltd., down 26 cents at $7.14
A jury found the chip maker liable for $1.17 billion in a patent infringement case filed by Carnegie Mellon university.
BPZ Resources Inc., up 25 cents at $3.03
The oil and gas company said it sold a 49 percent interest of an oil reserve off Peru to Pacific Rubiales Energy Corp.
Oculus Innovative Sciences Inc., down 9 cents at 52 cents
The drug, medical device and nutritional products maker said that it received a U.S. patent for its treatment of skin ulcers.
Smith & Wesson Holding Corp., up 30 cents at $8.26
After a recent sell-off in shares, the gun maker said it plans to spend an additional $15 million buying back its own stock.
Parexel International Corp., down 44 cents at $29.07
The pharmaceutical research contractor said it will buy software maker Liquent Inc. for about $72 million.