WPX Energy and Navient are big market movers

AP News
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Posted: Jul 14, 2015 4:21 PM

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

NYSE

JPMorgan Chase & Co. (JPM), up 95 cents to $69.04

The largest U.S. bank by assets reported a boost in second-quarter profit that beat Wall Street expectations as expenses fell.

WPX Energy Inc. (WPX), up 71 cents to $11.83

The oil and gas producer is buying RKI Exploration & Production LLC for $2.35 billion, giving it access to the Permian basin.

Avolon Holdings Ltd. (AVOL), up $1.22 to $24.95

A unit of China's HNA Group will pay $429 million for a 20 percent stake in the commercial jet aircraft leasing company.

Vince Holding Corp. (VNCE), down $2.24 to $9.72

The fashion company's CEO resigned, but will remain in her position while the board of directors searches for a replacement.

Nasdaq

Navient Corp. (NAVI), down $1.94 to $16.42

The student loan company cut its full-year profit outlook, citing lackluster performance from its private loan portfolio.

Micron Technology Inc. (MU), up $2.00 to $19.61

China's Tsinghua Unigroup Ltd. is readying a $23 billion takeover bid for the chipmaker, according to some media reports.

Spirit Airlines Inc. (SAVE), down $4.73 to $58.81

The budget airline cut its outlook, citing bad weather in June and pricing pressure from competitors weighing down revenue.

Google Inc. (GOOG), up $14.55 to $561.10

The Wall Street Journal is reporting that the technology company is curbing hiring and controlling costs as margins shrink.