Coty and Electronic Arts surge while Molson Coors dips
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Gilead Sciences Inc., down $2.22 to $65.40
A potential liver disease under development by the biotechnology company failed to meet its treatment goal in a key study.
Electronic Arts Inc., up $5.09 to $102.33
The video game maker's "Apex Legends" attracted more than 25 million registered users in the week since its release.
Ellie Mae Inc., up $17.03 to $98.95
The mortgage software company is being bought by private-equity firm Thoma Bravo for $37 billion.
Coty Inc., up $1.21 to $10.87
Investment firm JAB is seeking a majority stake in the beauty products maker by buying shares from existing stockholders.
Under Armour Inc., up $1.43 to $22.21
The active-wear company reported stronger-than-expected fourth-quarter results and confirmed its outlook for the year.
Molson Coors Brewing Co., down $6.17 to $59.19
The brewer's sales fell short of forecasts and it will restate results from 2016 and 2017 because of accounting errors.
RingCentral Inc., up $6.04 to $105.91
The cloud-based phone system provider reported a boost in revenue and profit for the fourth quarter, beating forecasts.
Varonis Systems Inc., down $8.73 to $55.23
The software company beat fourth-quarter forecasts, but gave weak guidance for the year.