Mallinckrodt and Brown-Forman fall; Nimble Storage soars

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

Mallinckrodt PLC, down $1.55 to $49.71

Drugmakers fell after President Donald Trump said the government is making new efforts to rein in drug prices.

Brown-Forman Corp., down $1.52 to $46.96

The maker of Jack Daniel's and other liquors reported a 4 percent decline in earnings, citing a strong dollar and revenue lost from brands that it sold.

Dick's Sporting Goods Inc., down $4.53 to $48.08

The sporting goods retailer issued a profit forecast that came in below what Wall Street analysts were looking for.

Nimble Storage Inc., up $3.98 to $12.58

The company agreed to be acquired by Hewlett Packard Enterprise for $1 billion in cash, or $12.50 a share.

TerraForm Global Inc., up 68 cents to $4.93

The clean energy company is being bought by Brookfield Asset Management.

Weatherford International PLC, up 74 cents to $6.63

The oilfield services company named Mark McCollum, the chief financial officer of Halliburton, to be its new CEO.

EQT Corp., down $1.30 to $58.79

Energy companies lagged the rest of the market, as they have done since late 2016.

Electronic Arts Inc., up $1.16 to $88.30

Technology stocks, which have led the market higher this year, did better than most other industries on Tuesday.

This story has been automatically published from the Associated Press wire which uses US spellings

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