Tronc plunges after Gannett drops takeover bid; ADM gains

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

Tronc Inc., down $1.49 to $10.54

USA Today publisher Gannett walked away from its attempted takeover of Tronc, which publishes the Los Angeles Times and Chicago Tribune.

Archer Daniels Midland Co., up $3.18 to $46.75

The huge agricultural company reported earnings that easily beat analysts’ forecasts.

Coach Inc., up 79 cents to $36.68

The maker of luxury handbags and other accessories reported earnings that came in ahead of Wall Street’s forecasts.

Nautilus Inc., down 55 cents to $17.05

The maker of fitness equipment reported revenue that fell far short of analysts’ forecasts.

Southern Co., down $1.09 to $50.48

Utility stocks had some of the biggest losses as bond yields rose, diminishing the appeal of high-dividend stocks to investors seeking income.

L Brands Inc., down $5.69 to $66.50

The owner of Victoria’s Secret and Bath & Body Works expects its third-quarter earnings to come in at the low end of its previously estimated range.

Angie’s List Inc., down 13 cents to $7.57

The company may be looking for a partner or buyer after reporting that its sales have slid for more than a year.

FreightCar America Inc., down $1.06 to $12

The manufacturer of rail cars reported revenue that fell well short of what analysts were expecting.