Philips and MannKind are big market movers

Associated Press |

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Bank of New York Mellon Corp., up $1.25 to $37.48

The Wall Street Journal reported that activist investor Trian Fund Management has built a $1.05 billion stake in the bank.

Philips NV, up $1.29 to $31.76

The electronics company will combine its LED and automotive businesses into a stand-alone company, which could result in an IPO.

PPG Industries Inc., up $6.10 to $210.15

The paint and coatings maker is buying Consorcio Comex in a move to boost its presence in Mexico and Central America.

Palo Alto Networks Inc., up $2.64 to $83.85

A Morgan Stanley analyst boosted his price target for the network security company, partly citing expected billings growth.

Nasdaq

MannKind Corp., up 96 cents to $10.96

The Food and Drug Administration approved the drug developer's Afrezza diabetes medication, which is an inhalable insulin.

Illumina Inc., up $5.84 to $178.54

The biotechnology company signed a deal that that will expand the use of its equipment for noninvasive prenatal testing in Europe.

Auxilium Pharmaceuticals Inc., down $1.20 to $20.06

Several law firms are investigating the terms of the drug developer's proposed all-stock sale to QLT Inc. worth about $345 million.

Dicerna Pharmaceuticals Inc., up $3.73 to $22.57

The drug developer reported promising preclinical study data for its developing treatment aimed at a rare inherited liver disorder.

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Companies

Symbol Name Price Change % Volume
SKRJ Silk Road Entmt Inc 1.50 0.00 0.00 0

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