Bristol-Myers and Tiffany are big market movers

AP News
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Posted: Jan 12, 2015 4:43 PM

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

NYSE

Bristol-Myers Squibb Co., up $1.86 to $62.18

The pharmaceutical company's drug Opdivo met the main goal in an advanced study focused on a common form of lung cancer.

Tiffany & Co., down $14.44 to $89.01

The jewelry retailer lowered its full-year outlook, hurt by a stronger U.S. dollar and weak sales in the Americas and Japan.

Build-A-Bear Workshop Inc., up $3.12 to $21.75

The company, which allows customers to customize stuffed animals, reported fourth-quarter sales that beat expectations.

Chevron Corp., down $2.33 to $105.88

Shares in the energy company and its peers fell as the price of oil dropped to about $46 a barrel and as Goldman Sachs cut its forecast for oil prices.

Nasdaq

NPS Pharmaceuticals Inc., up $3.44 to $45.35

Irish pharmaceuticals company Shire PLC is buying the rare-disease drug developer for about $5.2 billion in an all-cash deal.

SanDisk Corp., down $13.47 to $83.57

The maker of data-storage chips said it expects to report fourth-quarter revenue below forecasts because of weak product sales.

Foundation Medicine Inc., up $22.81 to $46.74

Roche Holding will buy a majority stake in the molecular and genomics diagnostics company in a deal worth $1.03 billion.

Tekmira Pharmaceuticals Corp., up $8.98 to $24.68

The Canadian drug developer will buy privately held OnCore Biopharma to form a team focused on developing a hepatitis B cure.