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