Boeing and Medtronic skid, Allergan and Biogen gain ground

AP News
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Posted: May 31, 2016 4:36 PM

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

Allergan PLC, down 19 cents to $235.75

Billionaire investor Carl Icahn said he recently bought a "large" stake in the Botox maker.

Westar Energy Inc., up $3.41 to $56.33

The biggest utility company in Kansas agreed to be bought by Great Plains Energy for $60 per share, or $8.5 billion.

Clorox Co., down $1.16 to $128.54

Companies that make household goods and foods traded lower following mixed reports about consumer behavior in the U.S.

Boeing Co., down $3.07 to $126.15

The U.S. Air Force announced new delays for Boeing's KC-46 Pegasus Tanker, a midair refueling plane.

Celator Pharmaceuticals Inc., up $12.55 to $30.88

The cancer drug developer agreed to be bought by Jazz Pharmaceuticals for $30.25 per share, or $1.28 billion.

Biogen Inc., up $6.94 to $289.73

The Food and Drug Administration approved Biogen's drug Zinbryta, a once-a-month injection for multiple sclerosis.

Coca-Cola European Partners PLC, up $1.76 to $38.81

The company was officially formed Tuesday when Coca-Cola Enterprises combined with two other European Coca-Cola bottling companies.

Medtronic PLC, down $1.21 to $80.48

The medical device maker reported solid first-quarter results but its guidance was a bit weaker than analysts expected.