Purple Innovation, Sunrun fall; Alcoa, Terminix rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Merck & Co., up 99 cents to $73.72.
The Food and Drug Administration placed a hold on the pharmaceutical company's studies for a potential HIV treatment.
Alcoa Corp., up $2.68 to $50.46.
The aluminum producer will join the S&P MidCap 400 on Dec. 20.
EQT Corp., up $1.15 to $21.27.
The natural gas company announced a $1 billion stock buyback program and reinstated its quarterly dividend.
Purple Innovation Inc., down 65 cents to $9.15.
The mattress company's CEO resigned and it gave investors a discouraging update for its financial forecast.
Terminix Global Holdings, Inc., up $6.74 to $44.15.
The pest control company is being bought by Britain’s Rentokil in a cash and stock deal.
Fluor Corp., up 93 cents to $24.43.
The engineering and construction company's nuclear reactor unit is going public via a deal with a blank-check company.
Neogen Corp., up $3.29 to $43.41.
3M's food safety business is splitting from the company and will buy the maker of medical testing kits.
Sunrun Inc., down $6.61 to $35.50.
The solar energy company was weighed down by news that California could cut incentives for rooftop solar panels.