BioMed and MetLife are big market movers

AP News
|
Posted: Sep 23, 2015 4:40 PM

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

NYSE

BioMed Realty Trust Inc., up $2.36 to $21.54

The real estate investment trust focusing on biotechnology company properties is in talks to sell itself, according to Bloomberg News.

MetLife Inc., up 32 cents to $46.52

The life insurance company increased its stock buyback program to $1 billion, less than a year after completing a similar program.

Post Holdings Inc., up 57 cents to $67.89

The cereal maker plans to spend $90 million to buy an egg producer months after its egg supply suffered from a bird flu outbreak.

J.C. Penney Co., down 1 cent to $9.37

The retailer promoted John Tighe to the role of chief merchant effective Oct. 1, replacing Elizabeth Sweney, who will retire.

Freeport-McMoRan Inc., down 59 cents to $10

The mining company and its peers continued to see their stocks weighed by fears of an economic slowdown in China.

Nasdaq

Citrix Systems Inc., up 25 cents to $72.40

The cloud computing company is making a final attempt to sell itself before embarking on asset sales, according to Reuters.

Facebook Inc., up $1.01 to $93.97

The social network company's Instagram photo-sharing app has passed 400 million users, with a large push from Europe and Asia.

OncoGenex Pharmaceuticals Inc., down 42 cents to $2.50

The biotechnology company reported disappointing study results for a potential cancer treatment using its drug candidate apatorsen.