News

Royal Caribbean, Avanir, Spansion, Vince Holding and Taser are big market movers

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Royal Caribbean Cruises Ltd., up $4.46 to $76.75

The cruise line operator will be added on Thursday to the Standard & Poor’s 500 index, replacing the packaging maker Bemis Co.

Spansion Inc., up $5.01 to $27.86

The flash memory product maker is being bought by chip maker Cypress Semiconductor for $1.59 billion in an all-stock deal.

Vince Holding Corp., down $7.04 to $29.48

The fashion company reported better-than-expected quarterly results; a Stifel analyst cited heightened inventory levels and the slowing of sales in existing stores.

General Motors Co., up 32 cents to $33.26

The auto company reported a 6 per cent rise in November sales, partly on a boost from its Silverado and Sierra pickup trucks.

Nasdaq

Avanir Pharmaceuticals Inc., up $1.92 to $16.92

The drug developer, which focuses on neurological conditions, is being bought by Otsuka Pharmaceutical for $3.5 billion in cash.

Taser International Inc., up $1.25 to $23.34

The stun gun maker could benefit from a federal funding proposal to help police departments purchase body cameras.

Shoe Carnival Inc., up $3.75 to $23.37

The company reported better-than-expected third-quarter profit and revenue results and set a positive fourth-quarter outlook.

Viggle Inc., up 49 cents to $4.18

The entertainment marketing platform will partner with HGTV on a rewards system for viewing programming on Viggle platforms.