NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Wednesday:
Nike Inc., up $2.04 to $55.13
The athletic apparel maker’s fiscal fourth-quarter profit was greater than analysts expected.
Tesaro Inc., up $40.19 to $77.40
The company’s drug niraparib slowed the progress of ovarian cancer in a late-stage study.
PrivateBancorp Inc., up $8.36 to $44.29
CIBC said it will buy the bank holding company for $47 per share in cash and stock, or $3.73 billion.
Diamond Resorts International Inc., up $5.72 to $29.79
Apollo Global will buy the resort operator for $30.25 a share in cash, or $2.11 billion.
General Electric Co., up 61 cents to $30.55
Financing unit GE Capital is no longer deemed too big to fail, limiting regulatory oversight.
Newfield Exploration Co., up $1.68 to $44.53
Energy companies made big gains Wednesday as the price of oil continued to rebound.
Esperion Therapeutics Inc., down $6.52 to $9.66
Investors fear the company will have difficulty getting an experimental cholesterol drug approved.
Acuity Brands Inc., up $1.95 to $246.61
The lighting maker reported a larger profit than analysts expected.