3M and Lumber Liquidators are big market movers

AP News
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Posted: Dec 15, 2015 4:25 PM

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

NYSE

3M Co., down $9.50 to $148.13

The maker of Post-it notes, industrial coatings and ceramics lowered its full-year earnings forecast, citing slow economic growth.

Lumber Liquidators Holdings Inc., up $3.47 to $17.53

Short seller Whitney Tilson stopped betting against the flooring retailer, which faced allegations it knowingly sold toxic products.

Valeant Pharmaceuticals International Inc., up $15.45 to $109.59

The drug developer struck a distribution deal with Walgreens that it says will help lower the price some of its products.

The Boeing Co., up $3.53 to $146.53

The aircraft maker boosted its quarterly dividend by 20 percent and increased its stock buyback program to $14 billion.

Nasdaq

Sirius XM Holdings Inc., up 7 cents to $4.07

Howard Stern and the satellite radio broadcaster announced a five-year agreement to continue producing The Howard Stern Show.

Norwegian Cruise Line Holdings Ltd., down 96 cents to $58.50

The cruise line operator priced an offering of shares affiliated with several investors below the stock's prior closing price.

Pacira Pharmaceuticals Inc., up $8.46 to $70.89

The FDA agreed to drop restrictions on the drug developer's marketing of the post-surgery pain drug Exparel, resolving a lawsuit.

Sanofi , up $1.43 to $42.94

The drug developer is discussing a potential $20 billion asset swap involving its animal health business with Boehringer Ingelheim.