MGM and Black Diamond are big market movers

AP News
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Posted: Mar 17, 2015 5:20 PM

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

NYSE

MGM Resorts International, up $2.08 to $21.74

An activist investor is calling for the casino and resort operator to spin off its real-estate assets in a debt cutting move.

BBX Capital Corp., up $4.87 to $18.50

BFC Financial Corp. plans to buy up to about 4.8 million shares of the real estate investment trust's stock at $20 apiece.

Veeva Systems Inc., up $2.80 to $27.73

GlaxoSmithKline picked the life sciences industry software provider as its customer relationship management company.

Nasdaq

Plug Power Inc., down 14 cents to $2.61

The alternative energy company reported a wider-than-expected fourth-quarter loss and revenue fell short of Wall Street forecasts.

Black Diamond Inc., up $2.59 to $9.64

The outdoor sports gear maker said it will explore strategic options for its brands after reporting disappointing quarterly revenue.

MagicJack VocalTec Ltd., down $1.16 to $7.01

The Internet phone company reported a fourth-quarter loss on lower revenue.

KVH Industries Inc., up 65 cents to $13.86

The maker of mobile communication and navigation equipment reported a fourth-quarter profit on a boost in product revenue.

Esperion Therapeutics Inc., up $22.50 to $99.60

The pharmaceutical company reported that a potential cholesterol-lowering drug met key treatment goals in a midstage study.