AIG and Hershey are big market movers

AP News
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Posted: Oct 28, 2015 4:27 PM

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

NYSE

American International Group Inc., up $2.97 to $63.89

Activist investor Carl Icahn urged the insurer to split up into smaller companies, saying it is "too big to succeed."

Starwood Hotels & Resorts Worldwide Inc., up $4.69 to $79.50

The hotel operator's CEO said the company is nearing a deal to sell itself or merge with another hotel chain.

Northrop Grumman Corp., up $9.90 to $190.50

The defense contractor will build the Air Force's next big bomber and it raised its earnings outlook.

The Hershey Co., down $6.09 to $88.24

The candy maker reported better-than-expected third-quarter profit but revenue fell short and it cut its guidance for the year.

Rite Aid Corp., down 61 cents to $8.06

The drugstore chain is being bought by rival Walgreens in a $9.41 billion deal that will create a worldwide drugstore giant.

Boston Scientific Corp., up $1.58 to $18.40

The medical device maker reported better-than-expected third-quarter earnings and revenue, while giving an upbeat outlook.

Nasdaq

Diamond Foods Inc., up $3.11 to $38

Snyder's-Lance is buying the maker of Emerald snack nuts and Kettle Brand potato chips in a deal valued at about $1.27 billion.

Akamai Technologies Inc., down $12.64 to $62.91

The cloud services provider reported better-than-expected third-quarter profit and revenue, but provided a weak outlook.