Morgan Stanley and UnitedHealth rise and Tiffany slides

AP News
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Posted: Jan 19, 2016 4:42 PM

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

NYSE

Bank of America Corp., down 22 cents to $14.24

The bank reported its fourth-quarter results and said it is struggling to increase its revenue.

Chesapeake Energy Corp., down 48 cents to $3.08

The oil and natural gas company fell as commodity prices continued to slip.

Delta Air Lines Inc., up $1.46 to $45.96

Lower fuel costs helped the airline post a bigger fourth-quarter profit. Delta expects fuel to get even cheaper in the first quarter.

Morgan Stanley, up 29 cents to $26.26

The investment bank said it turned a profit in the fourth quarter on better results from its wealth-management business.

Tiffany & Co., down $3.43 to $64.22

The jewelry retailer's sales dropped in the fourth quarter. The company forecast minimal growth in 2016.

UnitedHealth Group Inc., up $3.31 to $112.58

The largest U.S. health insurer reported results that beat analysts' forecasts.

Nasdaq

Biotie Therapies Corp., up $11.42 to $24.62

The drug developer agreed to be acquired by Acorda Therapeutics.

Hortonworks Inc., down $6.13 to $10.44

The open-source business software company registered for a new stock offering late Friday.