Oracle, Novovax fall; Intel and Avis gain

AP News
Posted: Sep 16, 2016 5:23 PM

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

Oracle Corp., down $1.94 to $38.92

The business software maker reported disappointing quarterly profit and revenue.

Novovax Inc., down $7.05 to $1.29

The pharmaceutical company, which doesn't have any products on the market yet, said its experimental vaccine failed in late-stage clinical testing.

Deutsche Bank AG, down $1.38 to $13.38

The giant German bank said it doesn't intend to pay a $14 billion settlement being sought by the U.S. Department of Justice over its handing of mortgage-backed securities.

Intel Corp., up $1.11 to $37.67

The semiconductor maker raised its revenue forecast and said it's seeing higher demand for personal computers.

Avis Budget Group Inc., up $2.60 to $37.68

The company's stock will be added to the S&P MidCap 400 index after the close of trading Friday.

Depomed Inc., up $3.10 to $24.34

Reuters reported that the pharmaceutical company was exploring a sale under pressure from activist investor Starboard Value.

Twitter Inc., up 81 cents to $19.11

The messaging service launched a live streaming service for sporting events, including 10 Thursday night NFL games.

Range Resources Corp. down $1.99 to $37.38

Energy companies fell as the price of crude oil turned lower.