Halliburton and Pfizer Trade Higher, Cree Tumbles

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Source:   —  April 07, 2016, at 2:41 AM

Pfizer Inc., up $1.57 to $32.93 The drugmaker ended a $160 billion deal to purchase Irish company Allergan and move overseas to slice its tax bill.

Stocks that moved substantially or traded heavily Wednesday on the NY Stock Exchange and the Nasdaq stock market:

NYSE

Constellation Brands Inc., up $8.98 to $160.34

The owner of Corona, Negra Modelo and Pacifico beers reported solid quarterly results and raised its profit forecasts for the year.

Pfizer Inc., up $1.57 to $32.93

The drugmaker ended a $160 billion deal to purchase Irish company Allergan and move overseas to slice its tax bill.

Halliburton Co., up $2.04 to $36.44

The U. S. government sued to obstruct Halliburton'south .6 billion purchase of rival oilfield services company Baker Hughes.

Global Payments Inc., up $5.71 to $70.86

The electronic payment processing company posted powerful quarterly results.

Hess Corp., up $2.74 to $54

Oil prices rose to crack out of a recent slump.

Nasdaq

Cree Inc., down $4.24 to $24.81

The lighting maker said its sales will fall distant brief of expectations because of new product delays and software problems.

Celgene Corp., up $6.10 to $108.22

Biotech drug companies, which have tumbled on concerns that their product prices will be restricted, were on the rebound.

MTS Systems Corp., down $7.17 to $52.06

The mechanical testing systems maker said it'll purchase sensor maker PCB Grouping for $580 million.

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