Credit Suisse, People’s Bancorp fall; Boeing, Bluebird rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:

Boeing Co., up $5.65 to $250.52.

Southwest Airlines ordered 100 of the airplane maker’s 737 MAX aircraft.

Credit Suisse Group AG, down $1.48 to $11.39.

The investment bank said it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund.

Allstate Corp., up up 77 cents to $116.80.

The insurer is selling its Allstate Life Insurance Company of New York unit to Wilton Re for $220 million.

Fly Leasing Ltd., up $3.64 to $16.89.

The aircraft leasing company is being bought by Carlyle Aviation.

Houghton Mifflin Harcourt Co. up $1.12 to $7.10.

The textbook publisher is selling its consumer books division to News Corp.’s HarperCollins Publishers for $349 million.

Bluebird bio Inc., up 96 cents to $30.94.

The Food and Drug Administration approved a cancer drug developed by the biotechnology company and partner Bristol-Myers Squibb.

Tencent Music Entertainment Group, up 24 cents to $20.34.

The China-based online music platform is buying back up to $1 billion of its stock.

Peoples Bancorp Inc., down $1.25 to $32.61.

The bank is buying Premier Financial Bancorp in a stock deal worth $292.3 million.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up