Biogen and Fitbit trade higher while Endologix tumbles

AP News
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Posted: Dec 27, 2016 9:07 PM

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

Biogen Inc. (BIIB), up $3.59 to $291.12

Regulators approved the company's drug Spinraza, a treatment for a rare genetic disorder that causes progressive muscle weakness.

Endologix Inc. (ELGX), down $1.92 to $5.27

The Food and Drug Administration ordered Endologix to stop shipping a device used to treat abdominal aortic aneurysms because of manufacturing problems.

Seattle Genetics Inc. (SGEN), down $9.50 to $52.36

Several early clinical studies of the company's experimental treatment for acute myeloid leukemia were stopped because of possible liver side effects.

Applied Materials Inc. (AMAT), up 43 cents to $33.33

Technology stocks led the market higher on Tuesday.

Fitbit Inc. (FIT), up 54 cents to $7.83

The fitness tracker company's app became the second-most downloaded in the iTunes store.

Toll Brothers Inc. (TOL), up 58 cents to $31.91

Home builders traded higher after reports showed home prices rose again in October.

Netflix Inc. (NFLX), up $2.76 to $128.35

Consumer-focused companies did better than the rest of the market as traders came back from the holiday weekend.

WEC Energy Group Inc. (WEC), down 16 cents to $58.57

Bond yields rose and companies whose dividends make them similar to bonds, like utilities and phone companies, traded lower.