AOL and Gilead Sciences are big market movers

AP News
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Posted: Jan 06, 2015 4:22 PM

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

NYSE

AOL Inc., up $1.51 to $46.25

Verizon Communications Inc. has approached the Internet company about a potential buyout or joint venture, according to Bloomberg News.

Kinross Gold Corp., up 38 cents to $3.33

The gold mining and processing company and its industry peers saw their stocks advance as the price of gold climbs.

Civeo Corp., down 32 cents to $3.11

Cutbacks by oil companies due to the extended slide in the price of oil have hammered the energy industry workforce lodging company.

Michael Kors Holdings Ltd., down $6.13 to $66.87

Credit Suisse Group downgraded its rating on the designer's stock citing stepped up discounting this holiday season for its handbags.

Nasdaq

Xoom Corp., down 7 cents to $16.82

The money transfer company said it was the victim of nearly $31 million in fraudulent transfers and its finance chief resigned.

Cyberonics Inc., down $3.43 to $54.36

The medical device maker said its appeal of a medical reimbursement decision for a depression treatment device was denied.

CytRx Corp., up 45 cents to $3.30

The biotechnology company reported positive results from a midstage study focusing on a potential brain cancer treatment.

Ebix Inc., up $2.32 to $18.60

The software and e-commerce company said it reached a resolution with the Internal Revenue Service over an income tax audit.