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Tuesday, December 03, 2019 5:34 pm

Cleveland-Cliffs, CBL tumble while Lands' End, ViewRay gain

The Associated Press

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

Cleveland-Cliffs Inc., down 90 cents to $7.51

The iron-ore mining company is buying steel maker AK Steel for about $1.1 billion.

Audentes Therapeutics Inc., up $30.32 to $58.93

The gene-therapy developer is being bought by Japan's Astellas Pharma for about $3 billion.

Apple Inc., down $4.71 to $259.45

The iPhone maker slumped after President Donald Trump said a trade deal with China can wait.

Cadence Design Systems Inc., down $2.26 to $65.22

The maker of technology used to validate chip designs is buying National Instruments' AWR subsidiary.

CBL & Associates Properties Inc., down 33 cents to $1.02

The owner and operator of retail properties suspended its dividends as it deals with retailer bankruptcies and store closings.

Donaldson Co., down $1.26 to $53.91

The maker of filtration systems reported weak first-quarter profit and revenue.

ViewRay Inc., up $1.04 to $4.44

The radiation therapy systems maker announced a $75 million stock offering along with collaborations with Medtronic and Elekta.

Lands' End Inc., up $2.47 to $14.24

The clothing maker raised its profit forecast for the year after reporting surprisingly good fourth-quarter earnings.


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