Freeport-McMoran, Pinnacle are big market movers

AP News
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Posted: Jul 07, 2015 4:38 PM

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

NYSE

Freeport-McMoRan Inc. (FCX), down 59 cents to $17.25

The mineral assets company saw shares slide after the price of copper fell to a five-month low over China market concerns.

Pinnacle Entertainment Inc. (PNK), up $2.18 to $39.64

The casino and entertainment facility operator received an increased takeover offer from Gaming and Leisure Properties Inc.

The St. Joe Co. (JOE), up $1.19 to $16.97

The Florida-based real estate development company said a key plan has been adopted and it gave a positive revenue outlook.

MSC Industrial Direct Co. (MSM), up $2.11 to $70.09

The metalworking and maintenance products company reported better-than-expected third-quarter profit and in-line revenue.

Nasdaq

Advanced Micro Devices Inc. (AMD), down 38 cents to $2.09

The semiconductor company gave a weaker-than-expected revenue outlook, citing weaker consumer demand for personal computers.

DepoMed Inc. (DEPO), up $7.98 to $28.62

The specialty pharmaceutical company received a $2.1 billion hostile takeover offer from biotechnology company Horizon Pharma Plc.

Plug Power Inc. (PLUG), up 31 cents to $2.54

The fuel cell and alternative energy company reaffirmed a positive sales outlook for 2015, following a strong second quarter.

Baozun Inc. (BZUN), down $2.12 to $7.42

The Chinese e-commerce company and its rivals saw shares fall as China's major market indexes sink on economic growth concerns.