Furmanite and Rite Aid are big market movers

AP News
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Posted: May 04, 2015 4:33 PM

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

NYSE

Furmanite Corp., up $1.44 to $8.67

The industrial and refinery-services company received a buyout offer from an undisclosed party and said it will evaluate the proposal.

Cyan Inc., up 97 cents to $4.62

The software company is being purchased by network specialist Ciena Corp. in a cash-and-stock deal valued at $400 million.

Rite Aid Corp., up 16 cents to $8.13

The drugstore chain operator is included in the list of companies participating in American Express' new loyalty program, Plenti.

Hill International Inc., up 91 cents to $4.82

The consulting services company received a buyout offer from private equity firm DC Capital Partners at a 40.7 percent premium to its stock's closing price Friday.

Nasdaq

Cognizant Technology Solutions Corp., up $3.64 to $62.78

The information technology company reported better-than-expected first quarter results and issued a positive outlook.

Array BioPharma Inc., up 83 cents to $7.15

The biotechnology company reported better-than-expected fiscal third-quarter financial results as it regained some drug rights.

ON Semiconductor Corp., up 69 cents to $12.50

The semiconductor components maker reported better-than-expected first-quarter results and gave an upbeat outlook.

CytRx Corp., up 71 cents to $4.41

The biotechnology company reported positive results from ongoing early stage clinical trials of a potential cancer treatment.