WhiteWave and PepsiCo climb; Exxon and Xcel Energy slide
NEW YORK: Stocks that moved substantially or traded heavily on Thursday:
WhiteWave Foods Co (WWAV) , up $8.80 to $56.23
The organic food maker agreed to be bought by French yogurt giant Danone in a deal worth about $10 billion.
PepsiCo Inc. (PEP), up $1.57 to $107.49
The company's quarterly profit surpassed Wall Street forecasts as investors bought new drinks and snack sales grew.
AVG Technologies NV (AVG), up $5.79 to $24.58
The Dutch anti-virus software company agreed to be bought by Avast Software agreed for $25 a share, or $1.3 billion.
Western Digital Corp (WDC), up $2.20 to $47.66
The hard drive maker forecast stronger results for its fiscal fourth quarter after it acquired flash memory chip maker SanDisk in May.
Xcel Energy Inc. (XEL), down $1.01 to $44.32
Investors sold utility and phone company stocks, which have surged this year during a hunt for safe investments.
LyondellBasell Industries NV (LYB), up $1.41 to $74.52
Materials companies including chemicals makers made the biggest gains on the market Thursday.
Exxon Mobil Corp (XOM), down $1.13 to $92.96
Energy companies skidded with the price of oil after U.S. stockpiles did not decrease as much as investors expected.
Costco Wholesale Corp (COST), up $7.69 to $163.70
Investors were pleased with the warehouse club operator's June sales.