Apple, Anacor and Tribune Publishing climb, Trevena skids

AP News
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Posted: May 16, 2016 4:21 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

Apple Inc., up $3.36 to $93.88

Warren Buffett's Berkshire Hathaway disclosed it bought about $1.1 billion in Apple stock, which is trading near two-year lows.

Anacor Pharmaceuticals Inc., up $36.64 to $100.67

Pfizer agreed to buy the maker of skin-disorder treatments for $99.25 per share, or $5.2 billion.

Tribune Publishing Co., up $2.61 to $14.08

USA Today publisher Gannett raised its offer for the owner of newspapers including the Los Angeles Times to $15 per share.

Memorial Resource Development Corp., up 41 cents to $13.86

Range Resources agreed to buy the natural gas company for $3.3 billion, or $15.75 per share.

Terex Corp., up $2.26 to $24.94

The machinery maker canceled a merger with Finland's Konecranes, but sold its cranes business for $1.3 billion in cash and stock.

Marathon Oil Corp., up 53 cents to $17.78

Energy companies and oil prices jumped after Goldman Sachs said it thinks the global oil glut is over.

McKesson Corp., up $6.60 to $172.53

The prescription drug distributor announced a new generic drug supply deal with Wal-Mart.

Trevena Inc., down 50 cents to $6.32

The drug developer said a potential treatment for heart failure did not work in a mid-stage clinical trial.