Level 3 and Baker Hughes climb while Zimmer and Nike fall

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:

Baker Hughes Inc., down $3.72 to $55.40

The oil and gas drilling services company said it will combine with General Electric’s oil and gas business.

Loews Corp., up $2.01 to $43.03

The commercial property and casualty insurance company reported strong results for the third quarter.

Level 3 Communications Inc., up $2.10 to $56.15

CenturyLink said it will buy the telecom services company for about $24 billion.

Zimmer Biomet Holdings Inc., down $17.15 to $105.40

The orthopedic device maker trimmed its revenue forecast and the high end of its profit forecast for the year.

ConocoPhillips, down $1.52 to $43.45

Energy company stocks fell as the price of oil slipped to its lowest level in a month.

Nike Inc., down $1.84 to $50.18

An analyst for Bank of America Merrill Lynch downgraded the athletic apparel maker to “Underperform” from “Neutral.”

Team Health Holdings Inc., up $6.05 to $42.85

Private equity firm Blackstone is buying the staffing company for $3.4 billion.

Cardinal Health Inc., up $1.19 to $68.69

The prescription drug distributor reported strong earnings and regained part of a steep loss Friday.