Tiffany, Tesla, Michael Kors are big movers

Tiffany, Tesla, Michael Kors, Dole Food are big market movers on Tuesday

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:


Tiffany & Co., up $3.01 at $79.22

The high-end jewelry company known for its blue boxes, reported a 3 percent rise in first-quarter net income on higher sales.

Valeant Pharmaceuticals International Inc., up $7.33 at $91.80

The Canadian drugmaker said that it will pay $8.7 billion to buy Bausch + Lomb, the privately held maker of contact lenses.

Michael Kors Holdings Ltd., up $1.89 at $61.98

In a note to clients, a Citi analyst said that watches from the clothing and accessories company are selling well in stores.

FirstEnergy Corp., down $2.76 at $39.86

A Credit Suisse analyst downgraded his rating on the utility's stock to "neutral" from "outperform," saying a glut of energy is pushing down prices.

Lender Processing Services Inc., up 60 cents at $33.49

Fidelity National Financial Inc. agreed to buy the technology company that services the mortgage industry for about $2.82 billion.

Dole Food Co. Inc., down 65 cents at $10.41

The fruit and vegetable company is suspending its share repurchase plans and plans to use its cash to update its shipping fleet instead.


Canadian Solar Inc., up 78 cents at $9.39

The solar company posted a much smaller first-quarter loss than a year ago and its first-quarter solar module shipments were better than expected.

Tesla Motors Inc., up $13.25 at $110.33

Shares of the electric car maker hit an all-time high after last week's stock-and-note offering that raised nearly $1 billion.

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